Buying Swing: buying 120 calls same contract amount as the
Posted: Wed Jul 17, 2013 2:15 pm
Buying Swing: buying 120 calls same contract amount as the 115 calls from yesterday that we entered into at 1.51 area. this creates a bit of a cOB where we could latter place a short leg anywhere between the strikes and it helps protect profits of our puts butterfly. This is a preemptive bullish protection position for this level has served as strong resistance and could still end up as nothing but a wick above 118. So far every time we pass 117.87 it is only a wick on any candle 30 min or bigger
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 !!