Buying Swing: buying 136 weekly calls oversized at .16 are
Posted: Wed Jul 11, 2012 10:29 am
Buying Swing: buying 136 weekly calls oversized at .16 area this is high risk high reward. we were above 136 just yesterday and see a significant intraday positive o my formulas but multiday direction remains negative. With the volatility in the markets I want to take a bullish stab here for incase we get what we have seen so often as to late, a big run then a huge dump the next day to a huge run the day after in a market where technicals don't work due to shop. If we have to much weakness then would short the 135 weekly calls and turn it into a credit spread. As I sent this the calls are down to .14 cents.
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 !!