Buying Swing: buying long leg of 555 552.50 pDS at 2.04 ar
Posted: Wed Jan 15, 2014 12:57 pm
Buying Swing: buying long leg of 555 552.50 pDS at 2.04 area with .70 spread in mind. We wish to hedge the 545 and 560 calls longs against a snap back after so much strength last few days. since .70 is oversized and spread in mind mental stop at 1.34. If we get stopped out then the 160 calls move in the money so best case senerio would be to get stopped out ).
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 !!