Buying Swing: buying long leg of 542.50 540 pDS at 3.35-.4

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MMASSASSIN
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Buying Swing: buying long leg of 542.50 540 pDS at 3.35-.4

Post by MMASSASSIN »

Buying Swing: buying long leg of 542.50 540 pDS at 3.35-.45 area with .90 spread in mind, Mental stop .90 below entry. we hit 545 here and there is resistance so this works as a hedge on our 540 calls that are up 10.75X OVERSIZED. yep thousand % profit on the calls strategy thus far. Also the next step if this dose hold as resistance will be to enter a either a single or double short on 542.50 calls something we can do since we have held the 545 calls long already since long term. Before we make the short leg happen on the calls side best case sinerio would be to get stopped out of the puts since every .40 move from here on in represents 100% profit on the calls strategy.

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 !!
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