Buying Swing: removing the short leg of the next week 560
Posted: Wed Jan 08, 2014 1:21 pm
Buying Swing: removing the short leg of the next week 560 cDS at 1.45 thats the 565 leg so flat from entry . we penetrated the hourly trendline with the hourly candle, then wanted to get a retest of the trend line for the calls short exit and it did so just now. Those who got cleared earlier on penetration did so at 1.65 and don’t think thats a bad fill for the likelihood for a move up into the close is here increasing. If we can get a real bulish follow trough into the close then would look to short the 570 calls instead of the 565s.
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 !!