Buying Swing: turning 595 600 605 cB into cOB by covering
Posted: Thu May 08, 2014 12:31 pm
Buying Swing: turning 595 600 605 cB into cOB by covering the whole body at .33-.36. This puts us strongly intraday bullish where a .13 move represents oversized. We have a nice intraday triangle with pressure up in a very strong market. If we do not see strength then would look to short the 597.50 instead and by the close move the 605 down to 600.
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 !!