Selling Swing: AGGRESSIVE STRATEGY turning 450 cB into cC
Posted: Tue May 07, 2013 9:59 am
Selling Swing: AGGRESSIVE STRATEGY
turning 450 cB into cCS by selling 455 at 4.80-.60 from 4.15 area entry. Using this gap cover as a bullish opportunity. Since we only had 1/2 the contract amount of the 455 as we had the 445 long leg it allows us to not only have more bearish protection overnight but also now we don't need to replace this long leg since we end up in a perfect credit spread. we ail be cautious and renter this position if weakness persists.
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 !!
turning 450 cB into cCS by selling 455 at 4.80-.60 from 4.15 area entry. Using this gap cover as a bullish opportunity. Since we only had 1/2 the contract amount of the 455 as we had the 445 long leg it allows us to not only have more bearish protection overnight but also now we don't need to replace this long leg since we end up in a perfect credit spread. we ail be cautious and renter this position if weakness persists.
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 !!