Buying Swing: AGGRESSIVE STRATEGY buying long leg of 440

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MMASSASSIN
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Buying Swing: AGGRESSIVE STRATEGY buying long leg of 440

Post by MMASSASSIN »

Buying Swing: AGGRESSIVE STRATEGY
buying long leg of 440 pCS at 2.32-2.50 thats the 435 long leg same contract amount we have on the 440 cCS legs so its a huge position. This temporarily makes the position even more bearish but its intended to be in place for incase shows strength continuing , then the next step would be to short same contract amount of the 440 puts putting us in a IB = Iron butterfly. We have had such great profits this week and we do not want to give it up nor do we want to go bullish again prematurely, so this buys us time. Again we ail not get into the short leg unless we see continued strength.

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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