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Selling Swing: entering 430 weekly pCS- 430 short at 1.55

Posted: Mon May 20, 2013 3:23 pm
by MMASSASSIN
Selling Swing: entering 430 weekly pCS- 430 short at 1.55 area 220 long .55 area, same contract amount as the 425 pCS so we will share the 420 long leg.
covered and Locked in 75% profit on 515 pCS here ).
At the close we want to lock in profits on the 425 PCS and move up long leg to end up in a simple 435 pCS.

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 !!