Selling Swing: strategy we are opening up the june calls b

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.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Selling Swing: strategy we are opening up the june calls b

Post by MMASSASSIN »

Selling Swing: strategy we are opening up the june calls butterfly body and terming the puts butterfly into a credit spread. On the calls we are selling 1/2 of the 585 june calls at 1.65 area and on the june puts we are exiting the 570 calls at 2.15 area and adding to the 560 same contract amount at .70 cent area.

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 !!
Top

Return to “Swing for the Fences”