Buying Swing: buying puts 540 at 3,20-.30 and shorting 535
Posted: Mon Jan 06, 2014 1:47 pm
Buying Swing: buying puts 540 at 3,20-.30 and shorting 535 at 2.06 same contract amount as the 530 puts creating a pO2B. Were at 545 resistance and if we pass trough here then will double the short leg, but a good place to take additional bearish protection.
On the calls side watching next weeks monthly 560 and 565 calls if we show strength.
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 !!
On the calls side watching next weeks monthly 560 and 565 calls if we show strength.
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 !!