Selling Swing: shorted the 580 weekly calls at 1.85 area s
Posted: Mon Jul 02, 2012 1:15 pm
Selling Swing: shorted the 580 weekly calls at 1.85 area same contract amount as the long on 575 weekly calls creating a credit spread bullish . Mental stop on this 580 puts position is at 2.05. If we get stopped out of the short then would hold on to the long leg . The long leg would be 1x oversized driver despite a loss on the short if weakness reemerged, because the position was sized oversized at .70 and not at the entry price.
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 !!