Buying Swing: covering the 850 short leg at 4.90-5.00 area

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MMASSASSIN
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Buying Swing: covering the 850 short leg at 4.90-5.00 area

Post by MMASSASSIN »

Buying Swing: covering the 850 short leg at 4.90-5.00 area then bought 845 puts at 3.70 area. This cost us about a buck worth of profits but we had to try to bounce GOOG but now its breaking down and thats great for our much larger bearish strategy. Now we will enter a debit if we do not have a sharp fall on this break down, but if the 850 puts get above 8.10 , then would short the 850s creating a new low risk credit spread

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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