Selling Swing: closing 650 cB by doubling the short on 650

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Selling Swing: closing 650 cB by doubling the short on 650

Post by MMASSASSIN »

Selling Swing: closing 650 cB by doubling the short on 650 at 2.75-.60. The market pulled back and may lose pivot S1 so want to be on safe side by closing up this butterfly. Also watching the puts we may add if AAPL starts building above 644 again, move into a new pCS at 630. We would hod the old pCS and exit that at the close.

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 !!
Top

Return to “Swing for the Fences”