Buying Swing: added 590 calls at 1.60 OVERSIZED as mention
Posted: Mon Jun 25, 2012 10:01 am
Buying Swing: added 590 calls at 1.60 OVERSIZED as mentioned on the previous post now have a 2x oversized stake. If we were to lose 575 then would look to tern this into a credit spread by shorting 585s with intention of making it all into an butterfly before the close . That is if the weakness continues. So to tern this into a butterfly at the close if we had a lot of market weakness , i would exit half of the 590s while adding 580s and leaving 585s . I just explained 3 steeps of strategy only to be done if we fall more, right now the only thing I have is the bullish bets witch is 2x oversized 590 calls.
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 !!