Buying Swing: buying long leg of 122 cDS at 1.50 area with
Posted: Tue Jul 16, 2013 10:44 am
Buying Swing: buying long leg of 122 cDS at 1.50 area with a .25 spread in mind, since the position is so big and the spread in mind is so small we will give ourselves 40 cents of leeway room as mental stop to enter short leg. We waited for the perfect pullback now every 25 cents this options gains we profit a full oversized from here ). so in other words the second 117.87 pull back target was reached, as per strategy mentioned earlier, we bought the long leg with intention of getting the short leg before the close.
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 !!