Options Expiration Experiment

I thought it would be cool to show you a typical options set-up and the dilemma that you run into when making a decision to tolerate a pullback or not.  I’m a big believer in swing trading with options, I’m not one to hold an option through to much pulling back. I believe time and risk is money and when price thrusts especially after a couple of gaps I’m out.  Take a look at the following image.  I’ve pointed out where one might have considered buying some puts.  Nice resistance level, price is still in a consolidation period so mo break-out is expected, and no new pay-cycle is expected to start just yet, so a short move down is anticipated.....

http://renegadetrader.com/options-expiration-experiment/