Buying Swing: ok we rearranged everything this morning, for

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.
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MMASSASSIN
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Buying Swing: ok we rearranged everything this morning, for

Post by MMASSASSIN »

Buying Swing: ok we rearranged everything this morning, for we see 542 is critical area.
we first hit it at open so we started by removing next weeks 570 calls short at 1.50-.58. But then we fell bellow this and pivot a little bellow and held there for 15 minutes so according to strategy we had to remove the long for next week 560 at 2.85-.55, yea horrible fill.
So this tock us out of next week bullish bets other than the 545 calls we have held for months.
on the puts side we first removed 1/2 of the 535 body then the 540 long leg at 3.70 area.
So on the puts side that left us with a 535 pDS.
so what we did today was unwind our positions from yesterday removing leg by leg and now we have for this week still long 555 calls short 560 rubble short and long 570 a butterfly with further out wing.
and on puts side we have the credit, something we have not done for a while a higher risk credit. So we wish to turn the puts side back into butterfly at the close.

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 !!