Selling Swing: Creating an Iron Butterfly by shorting 100

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
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MMASSASSIN
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Selling Swing: Creating an Iron Butterfly by shorting 100

Post by MMASSASSIN »

Selling Swing: Creating an Iron Butterfly by shorting 100 jan calls at .84 area vertical credit spread. trough 105 at .03 area since we already have the credit spread on puts from earlier in the day now with this credit spread on calls on the same 100 strike it puts us into an iron butterfly into the close. This strategy now has the calls short heeding the puts short and vice versa.

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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