Buying Swing: adding long 160 calls at .62-67 area same co

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MMASSASSIN
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Buying Swing: adding long 160 calls at .62-67 area same co

Post by MMASSASSIN »

Buying Swing: adding long 160 calls at .62-67 area same contract amount as the 158.50 long leg. We had a pullback target of 159.24 and it was hit so creating the 1/2 open body butterfly here. that means we have same contract amount long 158 and 160 as we have short 159. Ofcorse we have extra 160 calls part of a separate 160 cDS = call debit spread. This gives us the ability to at any time other double the short 159 or divide the body by shorting 159.50 calls at the close or if we fail to build back up.

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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