Buying Swing: buying long leg of 210 212.50 cDS at 2.91—3.
Posted: Mon Apr 14, 2014 11:49 am
Buying Swing: buying long leg of 210 212.50 cDS at 2.91—3.00 area with a .80 spread in mind as a hedge on our bearish placements. we were up nicely on this morning but those profits were removed as we regained highs. There is a fib extension at 183.40 so we refocused market bearishly bellow it knowing that if we pas it we will have to enter the full body at 181.50. is today showing real build and strength so will use her as our bullish hedge for now even though the larger declining trend line dating back to all time highs would place strong resistance at 212.50, hence the future placement of this new cDS.
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 !!