More Advanced Options Trades
Under the Elliott wave model, there is usually more than one valid wave count at any particular time. Sometimes these wave counts point in opposite directions. If you are trading outright long or short, you are forced to choose the scenario you feel is most likely to occur, or elect to do nothing. Using options, you can create a strategy that can be successful under more than one scenario, even if those scenarios point in opposite directions. You do not have to sit on the sidelines. I will next show two option-strategy examples that demonstrate this point.
Bear Call Ladder in Heating Oil Catches a Big Move
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