Buying Swing: buying long leg of 505 502.50 pDS at 2.20-.3
Posted: Tue Jan 28, 2014 10:45 am
Buying Swing: buying long leg of 505 502.50 pDS at 2.20-.30 with .60 spread in mind. will enter into the short leg before the close or get stopped out of this long leg .60 bellow entry. Would ideally watch the 500 puts , if they get to 6.65 then would short them and end up in a low risk credit with 11x oversized profit potential on a bounce after a pullback.
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 !!