Buying Swing: added 475 calls at .80-.90 same contract amo

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MMASSASSIN
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Buying Swing: added 475 calls at .80-.90 same contract amo

Post by MMASSASSIN »

Buying Swing: added 475 calls at .80-.90 same contract amount as the 465 leg. yesterday we went overnight with a butterfly with a 475 kicker, today we added to that kicker making the overall 475 leg 3 times the size of the 465 leg. We want to have the flexibility to lock in at any time the profits o the 465 leg , and with the kickers we can do so if there is strong continuation above 470 this week but not take the risk of opening up the body of 470 at such a high premium

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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