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Buying Swing: buying long leg of next week Oct SPY 196 196.

Posted: Fri Oct 10, 2014 9:51 am
by MMASSASSIN
Buying Swing: buying long leg of next week Oct SPY 196 196.50 cDS at .76 area with the intention of entering the short leg before the close. If we have a strong bounce then would look at higher strike 197 for the short leg instead.

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 !!