Buying Swing: buying 445 tomorrow expiring calls at 4.00-4.45 , as I send this options are much lower at 3.25s. We alr
Posted: Thu Oct 22, 2020 5:57 am
Buying Swing: buying 445 tomorrow expiring calls at 4.00-4.45 , as I send this options are much lower at 3.25s. We already have a long leg at 465 calls part of a debit spread we entered into earnings, with to use this positioning as to later be free to butterfly at 455 mid point. We have a fib extension at the 445 area that was reached pre market today, on a retest of that area would move to butterfly this position. If we were to see a fib continuation, then we would be clear to 485 area next.
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 !!