Selling Swing: double shorted 530 puts to close the butter

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

Selling Swing: double shorted 530 puts to close the butter

Post by MMASSASSIN »

Selling Swing: double shorted 530 puts to close the butterfly at 1.38 area but first covered the 525 puts at .58 area. this puts us in a full 535 530 527.50 pB. It seams as if we may be cleat to move up to 541-542 from here so we may re open the body if we get there.

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”