Buying Swing: NEXT WEEK strategy buying long leg of SPY 196
Posted: Wed Jul 02, 2014 2:52 pm
Buying Swing: NEXT WEEK strategy buying long leg of SPY 196 195 pDS at .53 area put debit spread with .20 spread in mind.We will also enter the short leg on this one before the close. We have failed to pass the 100% 197.30 fib extension with anything but a wick and my formulas are on the verge of turning multi day negative. This is the first time we do bearish SPY play in weeks. But igfwe see a 30 min candle body above 197.30 , then would enter the short leg on both exposed debits for this week and next.
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 !!