Buying Swing: buying SPY 214 calls here at .70 area 4x over
Posted: Wed Oct 12, 2016 10:56 am
Buying Swing: buying SPY 214 calls here at .70 area 4x oversized with a 2x mental stop. Also looking for entries on 216 calls at .10 area to create a cOB. If we were to get a strong enough bounce into the close then would look to either butterfly or if math allowed create a low risk credit cCS 213 214 and keep the 216 as a cheap kicker.
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 !!