Buying Swing: AGGRESSIVE STRATEGY first trade of the day b
Posted: Wed May 08, 2013 1:30 pm
Buying Swing: AGGRESSIVE STRATEGY
first trade of the day buyinng long leg of 460 puts pCS at 1.65 area . thats the 455 puts same contract amount as the 450 pCS . The intention here is to use 465.00 as resistance to profit if we pull back but ready to enter the short leg if we pass yesterday's highs , or if we do get a pullback that allows us to enter the credit spread free or close to it.
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 !!
first trade of the day buyinng long leg of 460 puts pCS at 1.65 area . thats the 455 puts same contract amount as the 450 pCS . The intention here is to use 465.00 as resistance to profit if we pull back but ready to enter the short leg if we pass yesterday's highs , or if we do get a pullback that allows us to enter the credit spread free or close to it.
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 !!