Buying Swing: exited 1/2 of the 595 weekly puts at 3.45 are
Posted: Thu Jul 12, 2012 10:36 am
Buying Swing: exited 1/2 of the 595 weekly puts at 3.45 area and subbed the long on 590 weekly puts at 1.55 area. this put us very bearish and if we have any bounce then next part of strategy would be to completely remove the 600 weelky puts position to lock in that profit and still have the option to double the short on the 595 puts again and we would be left with a huge credit spread. Right now am positioned completely bearish on puts but watching this closely for incase we want to tern again bullish.
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 !!