Buying Swing: buying long leg of 450 pDS at .60-.62 area with a .45 spread in mind. This is a hedge since we have such a large bullish position on 455 calls. If we move back above 456.50 then would exit this position and ride our bullish bets.
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 !!
Buying Swing: buying long leg of 450 pDS at .60-.62 area w
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