Buying Swing: buying SPY 194 calls at .17 area 2X OVERSIZED
Posted: Fri Aug 01, 2014 10:47 am
Buying Swing: buying SPY 194 calls at .17 area 2X OVERSIZED just for incase we bounce. We have seen big falls become weekly wicks, Im not expecting that this time around where we look like larger market technical breakdown but if the bounce was to be seen today want to have the position in plaice.
Earlier we bought AAPL 95 puts again at .11 area still 7 spread in mind creating 97 96 95 pO2B half open body butterfly just like we have on the calls side. So we have here a bearish position that can make an oversized again every 7 cents on AAPL and on SPY we have a bluish bet that makes oversized profit every 9 cents.
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 !!
Earlier we bought AAPL 95 puts again at .11 area still 7 spread in mind creating 97 96 95 pO2B half open body butterfly just like we have on the calls side. So we have here a bearish position that can make an oversized again every 7 cents on AAPL and on SPY we have a bluish bet that makes oversized profit every 9 cents.
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 !!