Buying Swing: bought 200 calls at 1.00-.10 same contract a

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MMASSASSIN
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Buying Swing: bought 200 calls at 1.00-.10 same contract a

Post by MMASSASSIN »

Buying Swing: bought 200 calls at 1.00-.10 same contract amount as the 205 calls to create a cOB with intention of entering the 202.50 double short butterfly body at the close. If we were to get a strong move up then the next steep would be to enter only 1/2 the body, but to do that we would need a move up strong enough to get 102.50 calls at 1.25 area.

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 !!
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