Buying Swing: buying 590 weekly calls at 1.22-.34 OVERSIZE
Posted: Mon May 07, 2012 1:53 pm
Buying Swing: buying 590 weekly calls at 1.22-.34 OVERSIZED also we locked in profits on the 560 puts at 5.25 area and went long the 550 weekly puts to tern the play from a debit spread into a credit spread. What we did with the 560 that used to be the long leg of the calendar that we turned into a debit overnight was just to move the long position from 560 to 550 and keep the 555 puts short position . This is a late post but wanted to explain the strategic shifts from last week into this week. Big smiles so far.
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 !!