Buying Swing: buying 660 weekly puts at 2.04 area same con

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MMASSASSIN
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Buying Swing: buying 660 weekly puts at 2.04 area same con

Post by MMASSASSIN »

Buying Swing: buying 660 weekly puts at 2.04 area same contract amount as the short 655 weekly puts creating an open body butterfly, this turns our strategy from neutral to bearish. but the intent ail be to double the 655 short leg before close, best case senerio on a pullback , but if AAPL shows strength again then may have to do it earlier. as I send this out those puts are down to 1.92 . according to my formulas its time to go bearish.

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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