Buying Swing: AGGRESSIVE STRATEGY ok today at open we have
Posted: Wed Feb 13, 2013 10:27 am
Buying Swing: AGGRESSIVE STRATEGY
ok today at open we have made 3 trades already
Trade 1
turn the 460 pB into pB- the dash means we moved the further out long leg out one strike. so we exited the 455 puts at 1.48-.50 and replaced them with 450s at .75-.80. this way we locked in profits on one leg and would be able to profit on a bounce.
trade2
bought 1x oversized 470 calls at 2.80-.90 area. again also to benefit if we bounced.
trade 3
turning 460 pB- into pO2B- the (O2B = open 1/2 body) means we covered 1/2 of the 460 body at 1.35 area, at a profit of 2x from yesterdays entry at close at 2.20 with intent of reentering the short leg before the close again, ideally on aapl weakness reemerging. we did bounce greatly so were up now about 2x on the plays from open plus 2x on this covering from yesterday so 4x today so far ) . we have a mental stop to renter the short 460 if the premium drops to .90 area.
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 !!
ok today at open we have made 3 trades already
Trade 1
turn the 460 pB into pB- the dash means we moved the further out long leg out one strike. so we exited the 455 puts at 1.48-.50 and replaced them with 450s at .75-.80. this way we locked in profits on one leg and would be able to profit on a bounce.
trade2
bought 1x oversized 470 calls at 2.80-.90 area. again also to benefit if we bounced.
trade 3
turning 460 pB- into pO2B- the (O2B = open 1/2 body) means we covered 1/2 of the 460 body at 1.35 area, at a profit of 2x from yesterdays entry at close at 2.20 with intent of reentering the short leg before the close again, ideally on aapl weakness reemerging. we did bounce greatly so were up now about 2x on the plays from open plus 2x on this covering from yesterday so 4x today so far ) . we have a mental stop to renter the short 460 if the premium drops to .90 area.
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 !!