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Buying Swing: first trade of the week buying long leg of 1

Posted: Mon Jul 01, 2013 2:26 pm
by MMASSASSIN
Buying Swing: first trade of the week buying long leg of 162.50 cDS at .60 area with a .18 spread in mind. the intent ail be to enter the short let at the close, but if we get enough of a move up into the close, then would short the 163.50 instead at close. We hit my pull back target of 161.50 so pulled the trigger on first new position of the week. And by the way huge smiles on bluish bets from last week where some of us never entered the short legs on the spread strategies ).

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 !!