Buying Swing: AMC bullish and bearish into next week butterflies 8 10 12 cB = Call Butterfly butterfly 3.5x OVERSIZED
Posted: Fri Nov 11, 2022 11:00 am
Buying Swing: AMC bullish and bearish into next week butterflies
8 10 12 cB = Call Butterfly butterfly 3.5x OVERSIZED at .15 area
7 6 5 at .25 pB = put butterfly at .25 area
Remember we went bullish AMC yesterday with December calls that are already up nicely before Black Panther and Avatar. I expect Avatar to shatter records. Now we can afford to trade around the larger longer term butterfly and hedge.
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 !!
8 10 12 cB = Call Butterfly butterfly 3.5x OVERSIZED at .15 area
7 6 5 at .25 pB = put butterfly at .25 area
Remember we went bullish AMC yesterday with December calls that are already up nicely before Black Panther and Avatar. I expect Avatar to shatter records. Now we can afford to trade around the larger longer term butterfly and hedge.
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 !!