Buying Swing: reentering 240 calls 1.38-.60, and removing
Posted: Thu Mar 20, 2014 9:46 am
Buying Swing: reentering 240 calls 1.38-.60, and removing 245 at .40-.51 enough to have a 245 cO2B. In essence we are reentering the 140 calls much lower and locking in profits on a bigger 245 short position.
This morning is showing strength. Yesterday with the market pull back we exited the 240 calls and added to the 245 short to protect the calls expiring this week that we have held long term. Today at open looking to undo this protection plus remove 1/2 of the 245 calls body as to again have a strong bullish exposure .
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 morning is showing strength. Yesterday with the market pull back we exited the 240 calls and added to the 245 short to protect the calls expiring this week that we have held long term. Today at open looking to undo this protection plus remove 1/2 of the 245 calls body as to again have a strong bullish exposure .
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 !!