Buying Swing: buying long leg of 560 pDS at 2.20-25 with a
Posted: Mon Dec 09, 2013 1:13 pm
Buying Swing: buying long leg of 560 pDS at 2.20-25 with a .95 spread in mind. We have hit a pivot point resistance and wish to hedge against our very strongly bullish positioning. If we were to fall back some here we would look to turn this into a low risk credit spread, for that to happen we would have to see 565 puts reach 6.25.
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 !!