Buying Swing: bought GLD 117.50 puts at .50 same contract a

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MMASSASSIN
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Buying Swing: bought GLD 117.50 puts at .50 same contract a

Post by MMASSASSIN »

Buying Swing: bought GLD 117.50 puts at .50 same contract amount as the long 117 calls, with a mental stop of 2x oversized.. I see possible pullback and am willing to sacrifice 2s if we move higher since the profit potential at 118 or higher is so strong. We wanted to earlier buy the 118 puts instead but they never reached the price we wanted.

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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