Buying Swing: turned 2.17.50 cB into cOB by covering 217.5
Posted: Thu Apr 10, 2014 11:36 am
Buying Swing: turned 2.17.50 cB into cOB by covering 217.50 calls at .48-.74 a .55 average. We are locking in profits on the body of what was already a free credit spread, this way if we see a bounce we would like to renter this body before 1:45 if we move sideways and before the close if we see a bounce. Hopefully at a higher premium. Yesterday we did well to position into a 210 205 200 pB as bearish hedge, now were using this pullback as a bullish opportunity.
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 !!