Selling Swing: AGGRESSIVE STRATEGY turning 445 cB into cOB

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MMASSASSIN
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Selling Swing: AGGRESSIVE STRATEGY turning 445 cB into cOB

Post by MMASSASSIN »

Selling Swing: AGGRESSIVE STRATEGY
turning 445 cB into cOB by covering 445 calls at 1.15 area from 7.80 area yesterday at close. The spread from yesterdays butterfly was .65 so max profit on perfect pin would of been 6X oversized profit. Here our intent is to look for a bounce then renter this short at 3.00. When we bought this butterfly yesterday we really did not think we would lose 450 but it was necessary as a bearish hedge and now as usual it seams like the hardest trade to make, the one you usually want to skip becomes the most important trade of the whole week.

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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