Buying Swing: buying 220 222.50 cDS at .20 area and 200 1
Posted: Wed Apr 23, 2014 3:48 pm
Buying Swing: buying 220 222.50 cDS at .20 area and 200 197.50 pDS for .34 spread area. What we are doing here is covering the blind spots. If we got stock at 205 or 210 we have butterflies there to bring us max profit. We also have a call at 217.50 body, the one with 7x profit in the bag. The market was slow and could explode still due to the trend line breakout penetration yesterday. But after 6 days of market gains, a rest and pullbacks posebilety, puts us at a point where we want to be ready for incase moved back to test the trend line again.
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 !!