Buying Swing: buying 580 trough 585 weekly calls at 1.47 s

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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Buying Swing: buying 580 trough 585 weekly calls at 1.47 s

Post by MMASSASSIN »

Buying Swing: buying 580 trough 585 weekly calls at 1.47 spread area OVERSIZED . since we still hold the 590 calls this bring in all the legs of a butterfly but an open body butterfly. still we have less contracts on the 580 leg than we do of the 590 leg. posted the positioning earlier more timely and now giving more detail on strategy. if we were to see strength continuation then would add to the 580s to make it the same contract amount as the long 590s with the intent of before the close adding the appropriate short position to the 585s. If this bounce fails to have legs then would only add to the short leg to make a of balanced closed body 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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