Buying Swing: bought 180 calls at .19-.25 a full oversized
Posted: Thu Oct 24, 2013 10:26 am
Buying Swing: bought 180 calls at .19-.25 a full oversized. this is a high risk play since so far out of the money. Yesterday we bought 170 cDS and the reason that we are placing this very far out of the money position is since we had pullback strong enough to take out al those stops at 161.50 we can latter find out if this becomes a head and shoulders rejection. Thats what happened to on its fall and bounce on the days before earnings. Fib traders should be exiting around 170.00 so there should be resistance right there. So since 170 is resistance considering doing bearish bet there with a tight stop. Thats would come in the form of adding 165 puts or removing 1/2 165 body if you have a butterfly there.
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 !!