Buying Swing: bought long here of 465 pDS at 3.95 with 1.8

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MMASSASSIN
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Buying Swing: bought long here of 465 pDS at 3.95 with 1.8

Post by MMASSASSIN »

Buying Swing: bought long here of 465 pDS at 3.95 with 1.80 spread in mind. what this dose is position us with a little more than half the contract amount that we are long the 455 puts. What this dose is that if we chose to enter into the 460 short leg same contract amount as the long 455 long leg we would end up with a type of 460 puts butterfly with additional 455 contracts serving as a kicker.

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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