Buying Swing: SPY next week bullish strategy buying 215 cal
Posted: Fri Jul 17, 2015 3:02 pm
Buying Swing: SPY next week bullish strategy
buying 215 calls and double shorting 213 calls against the 210 calls we now hold.
creating 210 213 215 cB.
214 215 cDS
First you must remember we have both SPY 211 puts long and 210 calls long already for next week and they cancel each other out due to same contract amount. Now we wish to separate them and save premium.
and yes the 215 leg will be affected so do math and leg in.
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 !!
buying 215 calls and double shorting 213 calls against the 210 calls we now hold.
creating 210 213 215 cB.
214 215 cDS
First you must remember we have both SPY 211 puts long and 210 calls long already for next week and they cancel each other out due to same contract amount. Now we wish to separate them and save premium.
and yes the 215 leg will be affected so do math and leg in.
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 !!