Buying Swing: buying SPY 198 puts at .21 area 2X Oversized

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MMASSASSIN
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Buying Swing: buying SPY 198 puts at .21 area 2X Oversized

Post by MMASSASSIN »

Buying Swing: buying SPY 198 puts at .21 area 2X Oversized and 196 puts at .07 area 1X Oversized . My formulas are showing a multi day negative, and even though I want to ignore it since continue to feel very bullish the markets I must head its warning and set up what amounts to a very strong far out bearish bet. This will allow us to later short the 197 puts to butterfly the position, and keep 196 as a kicker if a very sharp market retracement was to come then this would be a big weekly hedge.

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 !!
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