Buying Swing: buying long leg of 470 pDS at 2.15-.25 with

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MMASSASSIN
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Buying Swing: buying long leg of 470 pDS at 2.15-.25 with

Post by MMASSASSIN »

Buying Swing: buying long leg of 470 pDS at 2.15-.25 with 1.15 spread in mind. this means that if we pull back 1.15 we would take a loss on this play. We also have 480 calls on close watch because if we do see strength and 475 pass, then would add to that play to have a bit of an intraday strangle against these puts. If pulls down enough to bring the 475 puts up to above 6 bucks, then would look to create a low risk credit by shorting them.

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 !!
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