Buying Swing: removing debit protection covering short on
Posted: Tue Jun 05, 2012 10:17 am
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 !!
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 !!