Selling Swing: AGGRESSIVE STRATEGY when was weak bought 45
Posted: Wed Mar 27, 2013 11:13 am
Selling Swing: AGGRESSIVE STRATEGY
when was weak bought 455 at 4.25 area to create protection but as soon as we saw a 30 min candle wick above the old day low
we then exited same contract amount 465 at 11.85 area leaving an even more bullish position. That 465 position was part of the much higher up 470 pCS that we had in the money from earlier in the week.if we were to lose the day lows again then would look to create a 555 cCS same contact amount as the 460 puts leg. remember the puts only 1/2 of the credit has risk into 450 so a calls credit spread of same contract amount would create enough protection plus profit from depreciation.
yea its a complex day today.
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 !!
when was weak bought 455 at 4.25 area to create protection but as soon as we saw a 30 min candle wick above the old day low
we then exited same contract amount 465 at 11.85 area leaving an even more bullish position. That 465 position was part of the much higher up 470 pCS that we had in the money from earlier in the week.if we were to lose the day lows again then would look to create a 555 cCS same contact amount as the 460 puts leg. remember the puts only 1/2 of the credit has risk into 450 so a calls credit spread of same contract amount would create enough protection plus profit from depreciation.
yea its a complex day today.
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 !!