Buying Swing: turning SPY 194 195.50 197.50 cB into a cOB b
Posted: Fri Aug 15, 2014 2:20 pm
Buying Swing: turning SPY 194 195.50 197.50 cB into a cOB by covering the flu short leg at .10. the intention is to roll down the short leg to the 195.00 calls leg. We entered that short leg around the close at .55-.60 and again every .04 represents an oversized profit. Remember we entered the 194 leg at .63 area.
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 !!