Buying Swing: buying 475 calls at 1.85 area to create 460
Posted: Mon Aug 12, 2013 3:33 pm
Buying Swing: buying 475 calls at 1.85 area to create 460 cO2B with intention of closing the body at the close. We also wish to enter a 480 cDS as a bullish full spread overnight. If we do not follow trough bullishly then we will double the short on 470 very soon . So we want to have a 470 closed cB = call butterfly at the close, plus a new 480 cDS= call debit spread for incase we continue higher overnight. as I send this we do seam to not be following trough and have trigger ready to double the short leg 40 calls.
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 !!