Buying Swing: buying the long leg of 855 pDS at 1.00-.25 w
Posted: Thu Oct 10, 2013 9:42 am
Buying Swing: buying the long leg of 855 pDS at 1.00-.25 with a .40 spread in mind. Using this gap up and the huge market volatility to position bearish for incase we again pull back strongly. A preemptive position. And big smiles on the 860 puts short now losing huge premium, thats the free credit spread we set up earlier in the week. We will be patient but will consider locking in those huge profits today if we see sings of weakness.
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 !!