Buying Swing: buying long leg of SPY 211 211.50 cDS call de

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MMASSASSIN
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Buying Swing: buying long leg of SPY 211 211.50 cDS call de

Post by MMASSASSIN »

Buying Swing: buying long leg of SPY 211 211.50 cDS call debit spread at .26 area with a .15 spread in mind. This is the fist bullish position on SPY for the week. We almost hit pivot point so we can still shake a little lower. If we do pull back more then next step would be to buy 210 calls same contract amount as to be ready to double short 210.50. Pivot is at 209.77 and where I would buy the 210 calls.

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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