Buying Swing: we moved long leg on weekly puts from 600 to
Posted: Wed May 02, 2012 9:46 am
Buying Swing: we moved long leg on weekly puts from 600 to 595 right at open and in the process we locked in 1.5 X OVERSIZED profit and afterwords we bounced, sorry could not send this in time but those in the cc got the play timely. We turned what was a big loss on 605 puts credit spread into a profit in minutes by predicting a bounce and locking in profits on the 600 leg.
This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!
This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!