Buying Swing: AGRESSIVE STRATEGY entering long leg of 505
Posted: Mon Jan 07, 2013 11:20 am
Buying Swing: AGRESSIVE STRATEGY
entering long leg of 505 pCS at 1.14 area with a .48 spread in mind. so we are intraday bearish on but after a fall we want to get the short leg at a higher price to turn the position bullish. Now there is the possibility that we butterfly this play if falls bellow day lows
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 !!
entering long leg of 505 pCS at 1.14 area with a .48 spread in mind. so we are intraday bearish on but after a fall we want to get the short leg at a higher price to turn the position bullish. Now there is the possibility that we butterfly this play if falls bellow day lows
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 !!