Buying Swing: buying 560 weekly puts at 6.90 at 7.00 same

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MMASSASSIN
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Buying Swing: buying 560 weekly puts at 6.90 at 7.00 same

Post by MMASSASSIN »

Buying Swing: buying 560 weekly puts at 6.90 at 7.00 same contract amount as our short 555 weekly puts. this brings us into a big of butterfly action only we don't have twice the contract amount on the short on 555 weekly puts. This is an important entry to protect the short on 555 but we still have the 550 long, so now if we sees bounce on the markets we can double the short on 555 line and find ourselves in a butterfly. If we do not bounce and the fall continues we can wait and watch for an opportunity to lock in the profits on the long .

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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