Selling Swing: aggressive strategy 3 trade b locking profit

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MMASSASSIN
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Selling Swing: aggressive strategy 3 trade b locking profit

Post by MMASSASSIN »

Selling Swing: aggressive strategy 3 trade b
locking profits on long leg of 565 pCS at 5.90 and buying 555 at 3.55 area.This brings larger downside risk, since the long leg is further away from the short but if we bounce above 565 we then have an additional 3x oversized profit in the bag. at the close if bounces above 565 then we want to turn this into a butterfly by buying 570 puts and doubling the short on 565. But if we do not bounce enough and stay bellow 565 at close then we must have a more bearish stance witch means reentering 1/2 the contract amount of the 560 puts

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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