Selling Swing: shorting 215 calls at 4.00 area same contra
Posted: Wed Mar 26, 2014 1:40 pm
Selling Swing: shorting 215 calls at 4.00 area same contract amount as the 220 and 225 long positions . At the close will exit 1/2 f this short since it is a huge bearish bet. this puts us strongly bearish plus remember we still hold the 215 210 pDS from friday. The reason we can only have half the 515 short overnight is since that would be equal to a single long leg where if we get a bounce we see 1 buck of additional risk before the next leg kicks in. If we were to bounce then would be quick to exit this short at 5.00, where we would be giving back 3x oversized profits
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 !!