Selling Swing: doubling short on 615 calls a 2.20 area and

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MMASSASSIN
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Selling Swing: doubling short on 615 calls a 2.20 area and

Post by MMASSASSIN »

Selling Swing: doubling short on 615 calls a 2.20 area and selling 137 calls at .97 area from .36 so about 4x oversized profit. we still have 138 short through 139 will looking for exits on that before the close or on any strength. if we pass the day highs on then I may reopen the butterfly, but right now this is a very large butterfly. Before the close plan on buying 610 puts half the contract amount of the short 605 puts to make 2 butterflies, calls 615 and puts 605. The calls butterfly has grown very very large but since we are removing a great deal of risk with the 615 short I feel comfortable with it.

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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