Buying Swing: SIMPLE and AGGRESSIVE STRATEGY buying next we
Posted: Fri May 17, 2013 12:25 pm
Buying Swing: SIMPLE and AGGRESSIVE STRATEGY
buying next week weekly long leg of 455 cDS at .90 area with a .34 spread in mind. we will enter the short leg at the close or if we pull back 34 cents from here. yes this is very far out of the money call position for a debit spread but I do not yet see a bearish multi day direction shift on , and given the magnitude of the buy back we probably will see some of it coming into the market next week to sustain and build the price.
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 !!
buying next week weekly long leg of 455 cDS at .90 area with a .34 spread in mind. we will enter the short leg at the close or if we pull back 34 cents from here. yes this is very far out of the money call position for a debit spread but I do not yet see a bearish multi day direction shift on , and given the magnitude of the buy back we probably will see some of it coming into the market next week to sustain and build the price.
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 !!