Buying Swing: bought long leg of 865 cDS at 3.70-4.00 at o

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MMASSASSIN
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Buying Swing: bought long leg of 865 cDS at 3.70-4.00 at o

Post by MMASSASSIN »

Buying Swing: bought long leg of 865 cDS at 3.70-4.00 at open, but best case senerio if we can we wish to turn this into a low risk credit spread. For this we need the 860 calls to get above 7.30 for 1x risk , were choosing stead to target 8.00 or above, it gets there again, then would instead short 860 calls giving us 860 cCS with over 5x oversized max profit potential and half an x risk of loss.

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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