Selling Swing: entering short leg of a 158 pDS at .77 area

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MMASSASSIN
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Selling Swing: entering short leg of a 158 pDS at .77 area

Post by MMASSASSIN »

Selling Swing: entering short leg of a 158 pDS at .77 area, this brings down the risk. we still have not broken 159 so it may be premature , would not hesitate to exit the short leg again if market strength shows no follow trough. We now still have the 158.50 long leg of cDS entered into at .97-1.04 with every 22 cents move an oversized gain or loss. we can enter the short leg and guarantee profits at any time now on the calls side.

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 !!
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