Buying Swing: buying 480 calls same contract amount as the

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: buying 480 calls same contract amount as the

Post by MMASSASSIN »

Buying Swing: buying 480 calls same contract amount as the 465 calls. Now as a refresher we now have a 470 cB with 475 wing with 3 times the contract amount of the 465, so we had a heavy bullish biest and kicker. The reason for entering this 480 leg is so that we can now at any time remove the full 475 calls even though its 3 times the size of this 480 position if we feel the market is toping out .

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 !!
Top

Return to “Swing for the Fences”