Buying Swing: buying long leg of 163 pDS at .60 area with
Posted: Mon Jul 08, 2013 10:33 am
Buying Swing: buying long leg of 163 pDS at .60 area with .13 spread in mind. on we have fib extensions here at 164.31 and next level down is 163,53, and on the higher side 165.43 and 166.86. I drew the fib extension starting at the lows 2 weeks ago the day we went strongly bullish and had one of the best weeks we ever had on SPY options ). this is the 50% level so serves as strong resistance on the larger 2 week extension.
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 !!
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 !!