Buying Swing: AGRESSIVE STRATEGY locking in profits on 550

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MMASSASSIN
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Buying Swing: AGRESSIVE STRATEGY locking in profits on 550

Post by MMASSASSIN »

Buying Swing: AGRESSIVE STRATEGY
locking in profits on 550 puts 23.90-22.50 This is 22x oversized profit but bear in mind its part of a butterfly where we replaced the leg with the 525 leg. hence adding 2x worth of risk on a play that we had removed all risk on before. Also looking to remove the 540 puts leg once we feel comfortable that there ail be a continuation bounce.Now every 80 cent bounce becomes an oversized profit and once we remove the 540 then every 40 cent bounce becomes an oversized profit.

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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