Selling Swing: reentering the short on 590 weekly calls to
Posted: Wed May 30, 2012 3:53 pm
Selling Swing: reentering the short on 590 weekly calls to create debit protection to protect our big profits on the long 580 weekly calls. this will be the same contract amount as the position we entered into on friday and the position we added on to today. The market has worked against us yet still we profit on . if the market dose bounce or at least not fall we should have the bullish follow trough finally take hold tomorrow. the 590s are 1.69 now I am waiting till final moments to get my short in.
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 !!