Buying Swing: AGGRESSIVE STRATEGY adding 555 calls at 2.85

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MMASSASSIN
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Buying Swing: AGGRESSIVE STRATEGY adding 555 calls at 2.85

Post by MMASSASSIN »

Buying Swing: AGGRESSIVE STRATEGY
adding 555 calls at 2.85-3.00 same contract amount as the amount we had moved from the 550 short. This turns us more bearish. Now remember the other short on 560 puts was at 5 bucks making it a risk less play since for every penny the 560 gains so dose 555. hence at 5 bucks risk of loss is eliminated. Now this long leg is in-between 2 credit spreads giving us a added bearish kicker giving us the effect of an open body butterfly on 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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