Selling Swing: AGRESSIVE STRATEGY turning 540 cDS into a 5

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MMASSASSIN
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Selling Swing: AGRESSIVE STRATEGY turning 540 cDS into a 5

Post by MMASSASSIN »

Selling Swing: AGRESSIVE STRATEGY
turning 540 cDS into a 535 cCS by exiting 545 calls short at .29-.30 and entering same contract amount 535 short at 1.20-1.10 area. this gives us a little IC action = Iron Condor, since we still hold 515 pCS. I believe this move down may be a bear trap but we have to be cautious hence the IC. But if we see strength we are looking to move the short leg from our 505 pB up to the 515 line.

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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