Buying Swing: earlier bought long leg of SPY 195 195 pDS at

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MMASSASSIN
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Buying Swing: earlier bought long leg of SPY 195 195 pDS at

Post by MMASSASSIN »

Buying Swing: earlier bought long leg of SPY 195 195 pDS at .31 area with .10 spread in mind. As I send this out were at the same level. Also you can remove the 191 short body from friday here at .08 area since we wish to short 194 same contract amount as the 195 long plus the 193 long. This would give us a 195 194 193 pB put butterfly effect with 192 as a kicker justifying the credit risk. on friday we had a butterfly at the 191 line now were essentially moving the butterfly up to the 194 line.

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 !!