Buying Swing: removing debit protection covering short on

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: removing debit protection covering short on

Post by MMASSASSIN »

Buying Swing: removing debit protection covering short on 580 calls at 1.58-1.65 and holding the long 570 weekly calls long leg. This is a very bullish on for on my formulas multi day buy signals have cleared. Also considering a new credit spread on puts to further profit from bullish direction shift that began yesterday when we entered the 570 calls close to the 548 levels. Remember we have been taking about 548 area as the perfect buying area since last week and now that we came to it yesterday we should be able to continue here a new multi day move up.

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 !!
Top

Return to “Swing for the Fences”