Buying Swing: covering 705 leg completely taking a loss at 8.75 area this brings us into a new 695 pO2B since we now have same contract amount long 700 695 690 strikes so we moves an short butterfly into a long butterfly lower.
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 !!
Buying Swing: covering 705 leg completely taking a loss at
- MMASSASSIN
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