Buying Swing: Next Week Strategy buying long leg of 555 55
Posted: Fri Jan 17, 2014 10:59 am
Buying Swing: Next Week Strategy buying long leg of 555 557.50 next week calls at 4.50 with .90 spread in mind. This means that we have a tight stop to enter the short leg if we fall .90 from entery. Chances are we get stuck at 550 this week and that would be best case senerio for out 555 550 545 cB that expires this week and was our long term 545 jan position turned butterfly. But if we do get strength today despite of monthly expiration wish to have begun next week bullish strategy here.
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 !!