Buying Long Term: buying February SPY 205 calls 5x OVERSIZE
Posted: Fri Jan 08, 2016 2:48 pm
Buying Long Term: buying February SPY 205 calls 5x OVERSIZED and 215 feb calls same contract amount. We have waited for this short trap to run its corse and now that we have had blow out undeniable job creation numbers we are ready to begin strong bullish positioning. The intention will be to use this market pull back as a long term buying opportunity but with the intention of butterflying and buying additional positions with less exposure in the future.
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 !!
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 !!