Buying Swing: buying 560 next week puts at 2.35 area same
Posted: Thu May 03, 2012 4:05 pm
Buying Swing: buying 560 next week puts at 2.35 area same contract amount as the short on 580 weekly puts position and rolling down the long leg by selling 575 weekly calls at 1.25 to replace by buying 570 weekly calls at .50 area also going long next week 1.60 area oversized. Ok on the long legs for this week we locked in 1.7X oversized profit. and we are now creating some calendar protection if we have bad data with a single long leg for next week also there that will not get hit on theta.
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 !!