Buying Swing: buying 480 calls same contract amount as the
Posted: Thu Sep 19, 2013 10:23 am
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 !!
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 !!