Buying Swing: buying long leg of a 1205 1202.50 put debit
Posted: Tue Mar 18, 2014 2:55 pm
Buying Swing: buying long leg of a 1205 1202.50 put debit spread = pDS at 5.20 area .80 spread in mind, with intention of entering the short leg before the close. Or we would get stopped out .80 bellow entry . There is 1000% profit potential on the 1200 1210 1220 call butterfly from friday cB, so we wish to hedge that profit potential from any intraday retracement at the risk of easily getting stopped out on this hedge.
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 !!