Buying Swing: removing debit leg on by covering the short
Posted: Tue May 29, 2012 1:19 pm
Buying Swing: removing debit leg on by covering the short on 590 weekly calls but we will hold the long 580 calls at .86 area. this leaves the long leg on 580 calls open making the stance fully bullish with no hedge. But before the close plan on reentering debit protection to protect against overnight theta. Very nice when you can exit a short leg of a debit at no loss on such strength.
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 !!