Buying Swing: buying 133 weekly puts at .16 OVERSIZED wen
Posted: Wed May 09, 2012 12:25 pm
Buying Swing: buying 133 weekly puts at .16 OVERSIZED went up to the trend line that it lost yesterday so am using this bounce as a bearish opportunity for these same puts at todays lows traded as high as .53. If the market was to lose the support of 134.70 that we went bellow today but did not have any body on candles yet violate the support, but if we had bad enough news from greece to cause that line that held for 6 months in 2008 to be lost then the market should fall dramatically. I am willing to risk 100% loss on an oversized for the possibility of 1000% gain.
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 !!