Buying Swing: buying 590 puts here at 4.50 same contract a
Posted: Mon Apr 28, 2014 3:36 pm
Buying Swing: buying 590 puts here at 4.50 same contract amount as the 585 puts. We made a my stake and ignored mental stop since we were distracted so now we wish to add bearish now that the target of 593.30 has ben reached. We will look to exit the 585 puts on any pullback even at loss with intent of before the close entering 580 and double shorting 585 as to enter into a butterfly. If you were disciplined and did exit at 1x loss as the plan was, then would still recommend entering this long with the same .80 spread in mind.
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 !!