Buying Swing: buying 635 calls at 3.55-.59 same contract a
Posted: Tue Jul 24, 2012 1:03 pm
Buying Swing: buying 635 calls at 3.55-.59 same contract amount we were short yesterday for day trade. before the close will exit then short this position. this is a much larger money allocation than my usual strategy calls for so have a mental stop at 3.00 since the position is over 3x oversized and do not want to lose an oversized intraday. So in other words I am looking still for strength on into the closing hour and just before the close plan to sell then short this position so that we end the day with a 625/635 debit spread. Exeting this leg earlier today has worked against us trying to make back some lost ground now.
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 !!