Buying Swing: buying 98.50 calls at .15-.18 same contract a
Posted: Wed Jul 16, 2014 10:02 am
Buying Swing: buying 98.50 calls at .15-.18 same contract amount as 96.43 calls. this gives us the flexibility to later double short either the 97.86 or 97.14 to capture the profits from leaving the 96.43 fully exposed overnight. we are not expecting to see a gap cover today, rather a pullback to 97.28 100% fib extension before continuing up towards our 100 target for the week.
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 !!