Buying Swing: SPY After earlier getting stopped out of the

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MMASSASSIN
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Buying Swing: SPY After earlier getting stopped out of the

Post by MMASSASSIN »

Buying Swing: SPY After earlier getting stopped out of the SPY 211.50 bounce attempt, we are now buying the 211.00 SPY weekly calls at .80 with a .35 spread in mind and a full 2x oversized position. This is attempting to catch a falling knife so mental stop at .13 below entry.
Before the close we would either enter the full debit with 211.50 as the new short leg or double short the 212 calls and buy 213 leaving us in a butterfly 212. This is if we don't get cut up again and stopped out. After a fall like this we must attempt bullish bounce bets.

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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