Selling Swing: selling 395 weekly puts at 6.00-5.85 area a

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MMASSASSIN
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Selling Swing: selling 395 weekly puts at 6.00-5.85 area a

Post by MMASSASSIN »

Selling Swing: selling 395 weekly puts at 6.00-5.85 area all and a adding 390 weekly puts at 3.15 vertical trough 385 weekly puts at 1.47 area . So locked in 1.00 worth of profits on the long 395 puts part of the butterfly, so now have no butterfly but a larger 2x oversized short on the 390 weekly puts. Am positioning now with a more bullish biest by removing the bearish protection but if we were to again move towards day lows I would be quick to renter the long 395 in the money puts same contract amount as the 390 short to again create another larger butterfly.

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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