Selling Swing: creating butterfly weekly calls by shorting

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MMASSASSIN
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Selling Swing: creating butterfly weekly calls by shorting

Post by MMASSASSIN »

Selling Swing: creating butterfly weekly calls by shorting 705 / 710 calls 705s at .80 area 710s at .40 area. making it a free play. On we shorted 645 puts at 1.00 area to make that debit spread almost free ). So in closing on we now have a calls butterfly 705 and a puts credit spread 640 / 635. on GOOG what we have is a calls credit spread 685 / 690 and on puts we have a debit spread 650 / 640.

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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