Buying Swing: buying 600 weekly puts at 2.20-.30 area same

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MMASSASSIN
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Buying Swing: buying 600 weekly puts at 2.20-.30 area same

Post by MMASSASSIN »

Buying Swing: buying 600 weekly puts at 2.20-.30 area same contract amount as the short 595 puts that is twice the contract amount we were long the first time around. The intent here is to exit 1/2 of not only this strike but the 590 strike before the close to be in a balanced butterfly. if we continue to fall then that could become very profitable.

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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