Buying Swing: creating 123 cOB by buying 124 calls at .75 a

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: creating 123 cOB by buying 124 calls at .75 a

Post by MMASSASSIN »

Buying Swing: creating 123 cOB by buying 124 calls at .75 area same contract amount as the 122 calls giving us an open body butterfly. This will allow us to later enter the short leg twice the contract amount to reduce risk further.our 125 puts we entered into yesterday at 1.90-2.00 hit 10.00 today so 400% gain 4x gain so far, keeping that position long on puts since this bounce play on calls is so very aggressive we don't need to lock in profits on the 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 !!
Top

Return to “Swing for the Fences”