Buying Swing: buying 580 puts 2x OVERSIZED at 1.17-1.25 lo
Posted: Mon Jul 30, 2012 1:25 pm
Buying Swing: buying 580 puts 2x OVERSIZED at 1.17-1.25 long leg of a credit spread where we enter the short leg latter to make it 1x oversized. So we turn bearish intraday with intent of positioning into the short leg other on strength or best case sinerio on a pullback to 590. If we pass 598 then would enter into the short leg right away.
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 !!