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Buying Swing: buying long leg of 510 505 pDS at 1.45 area

Posted: Thu Feb 06, 2014 10:55 am
by MMASSASSIN
Buying Swing: buying long leg of 510 505 pDS at 1.45 area with .60 spread in mind, after hitting stop loss area on the 505 puts. rather than fight premium decay even though getting stopped out of the puts probably was at the wrong possible time, am instead refocusing on an easier to reach point.

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 !!