Buying Swing: buying GLD 174 weekly calls at 1.55 area same

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MMASSASSIN
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Buying Swing: buying GLD 174 weekly calls at 1.55 area same

Post by MMASSASSIN »

Buying Swing: buying GLD 174 weekly calls at 1.55 area same contract amount as the long on 178 weekly calls to create another butterfly since short the 175 puts. Now if we bounce we can easily lock in the profits on the 178 puts and find ourselves in a credit spread

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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