Selling Swing: AGGRESSIVE STRATEGY covering short leg of 1
Posted: Thu Mar 21, 2013 11:54 am
Selling Swing: AGGRESSIVE STRATEGY
covering short leg of 154 pDS at .11-.16 . thats the 153.50 leg. We should find resistance here at 155.35 area and used the push above 154.95 as a bearish opportunity. If we do not reverse bearishly again after this bounce then would look to instead of reentering 153.50 for the pDS instead enter the 154.50 and turn this play into a pCS. by the way big smiles on yesterdays reentery into the 154.50 cCS . we did not do well on it yesterday but today big smiles. The strategy here is to place us in a IC = Iron Condor if we have to much strength in the markets here , and if we have weakness just ride this thing down and renter the puts short cheaper at the closing bell.
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 !!
covering short leg of 154 pDS at .11-.16 . thats the 153.50 leg. We should find resistance here at 155.35 area and used the push above 154.95 as a bearish opportunity. If we do not reverse bearishly again after this bounce then would look to instead of reentering 153.50 for the pDS instead enter the 154.50 and turn this play into a pCS. by the way big smiles on yesterdays reentery into the 154.50 cCS . we did not do well on it yesterday but today big smiles. The strategy here is to place us in a IC = Iron Condor if we have to much strength in the markets here , and if we have weakness just ride this thing down and renter the puts short cheaper at the closing bell.
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 !!