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Selling Swing: today we exited the short leg of 540 542.50

Posted: Tue Jan 14, 2014 10:15 am
by MMASSASSIN
Selling Swing: today we exited the short leg of 540 542.50 cDS at 3.15 area. Yesterday had internet issues at the hotel were at and didn’t send out the strategy but we entered the 540 calls at 4.00 then added at 2.80 area then at the close we shorted the 542.50 at 3.00. Initially the spread in mind was .90 but due to yesterdays add it became .40, so have a heavy bullish exposure.

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 !!