Buying Swing: exiting butterfly body on weekly puts by cov

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MMASSASSIN
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Buying Swing: exiting butterfly body on weekly puts by cov

Post by MMASSASSIN »

Buying Swing: exiting butterfly body on weekly puts by covering 615 weekly puts at .32-.34 and holding the other legs. we have a gap cover on but I believe that we will still pull back towards 615 so wish to renter this short at .60 if it gives it or at .50 may consider reentry.

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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