Buying Swing: Advanced strategy 1 trade a buying long leg
Posted: Mon Nov 05, 2012 11:06 am
Buying Swing: Advanced strategy 1 trade a
buying long leg of future weekly 605 cCS at .82-.86 with a .53 spread in mind. So we are right now temporarily bullish with the intent of turning this into a credit spread bearish at the close. Belive we will bounce but doubt that we move above the 200 DMA so would like to see a bounce to there then turn bearish.
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 !!
buying long leg of future weekly 605 cCS at .82-.86 with a .53 spread in mind. So we are right now temporarily bullish with the intent of turning this into a credit spread bearish at the close. Belive we will bounce but doubt that we move above the 200 DMA so would like to see a bounce to there then turn bearish.
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 !!