Traders Playground

Buying Swing: buying debit spread on for next week with 580 weekly calls trough 590 calls at 1.10 area spread plus buying monthly debit spread 605 june calls trough 625 june calls at 1.40 spread. Also the third trader is a monthly puts credit spread short 495 june puts trough 485 june puts at .45 spread area . This positions us bullishly very strongly so for both weekly with this 580 debit spread we get a hold of the possible move up to continue what begun earlier in the week, plus with the monthly debit spread we are nice and far out of the money but protected from sideways action with the credit spread on puts for incase we don't move up in june fast enough . I see a strong possibility that passes all time highs within the next 2 months and want to be aggressively positioned for that. The last quarter was a huge blow out quarter and now due to the market retracments we get to buy for the same price it was at before the earnings came out. This I see as a unique larger picture opportunity and want to now focus on monthly calls since an early foothold can make all the difference.

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 !!