Selling Swing: covered the debit protection short on 635 w
Posted: Tue Aug 07, 2012 9:59 am
Selling Swing: covered the debit protection short on 635 weekly calls at .75-.83 from an entry yesterday at 1.34 area at the close. this removes 40 cents worth of risk from the long 630 calls position. now we only need 635 calls to bounce to 1.30 to remove 100% of the risk of the 635 long stake. remember we entered 630 calls at 1.70-.76 minus .40 = 1.30s. big smile.
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 !!