Buying Swing: bought earlier today 136 weekly puts butterf

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MMASSASSIN
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Buying Swing: bought earlier today 136 weekly puts butterf

Post by MMASSASSIN »

Buying Swing: bought earlier today 136 weekly puts butterfly at .12 by shorting 136 and going long 137 and 135. Also yesterday we made a bullish butterfly on 360 weekly calls but that position is down today now that the market lost its trend line that has held us in a channel for the full year. The next real support on is 134.70 this is where we accumulated the last time around. And by the close if we do not see AAPL strength then I would look to buy 600 monthly puts as a bearish hedge against the weekly butterfly. hand with 600 we can tern it into a credit spread if we see strength again.

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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