Buying Swing: buying april 400 cB at .75 spread area and 4

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MMASSASSIN
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Buying Swing: buying april 400 cB at .75 spread area and 4

Post by MMASSASSIN »

Buying Swing: buying april 400 cB at .75 spread area and 410 cB at .20 spread area. 2 butterflies here each one oversized and expiring tomorrow. I had on my notes that if we hit 400 or bellow to attempt strong bounce plays on the most immediate expire, so am doing so here. One play of them can yield 500% or so max profit the other about 2400% max profit both bullish bets on a falling stock. I don't mind losing 100% on these plays with the profit if we do get a bounce being so high.

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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