Buying Swing: buying 585 weekly calls position at .67 OVER
Posted: Wed Jul 25, 2012 11:15 am
Buying Swing: buying 585 weekly calls position at .67 OVERSIZED this is a strait long calls position that I will most likely tern into a 580 butterfly before the close. But intraday could have a strong bounce and perhaps we can see 200% gain on this play as a day trade alone with the option to tern it into a credit spread if weakness reemerges.
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 !!