Buying Swing: buying 145 calls at .85-.86 strait oversized

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:

Buying Swing: buying 145 calls at .85-.86 strait oversized

Post by MMASSASSIN »

Buying Swing: buying 145 calls at .85-.86 strait oversized for a day trade, will exit and enter this leg as a body for the butterfly again at the close. Earlier at 2.00 we removed the half body we had held overnight, thats working against us since we saw a retrasement all the way back to yesterdays opening levels. Now am trying to make up for that with a simple long as a bounce setup is seen with a day trade, weather we bounce or not will renter the short at the close at this same strike, this time a full butterfly body.

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 !!