Buying Swing: buying 555 calls at 4.00 same contract amou

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MMASSASSIN
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Buying Swing: buying 555 calls at 4.00 same contract amou

Post by MMASSASSIN »

Buying Swing: buying 555 calls at 4.00 same contract amount as the 560 calls from earlier that were working as a strangle against 550 puts. this leaves 557.50 as a possible butterfly body area if we have any further retracement this way wont get stopped out of 560s at 2.00 since we can create a calls butterfly instead. I think the bottom might be in on AAPL or at the 551.60 fib extension.

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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