Buying Swing: buying long leg of 155 cDS at 1.50 and 2.10 w

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MMASSASSIN
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Buying Swing: buying long leg of 155 cDS at 1.50 and 2.10 w

Post by MMASSASSIN »

Buying Swing: buying long leg of 155 cDS at 1.50 and 2.10 with .95 spread in mind. 2X OVERSIZED we did a buy at 150 then immediately another when we hit the 147.50 100% fib extension. We would ideally like to see a bounce here to intend of entering into a debit moving into a credit if we could get the 150s above 5.00.

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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