Selling Swing: turning 540 cO2B into cB by doubling the 54

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MMASSASSIN
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Selling Swing: turning 540 cO2B into cB by doubling the 54

Post by MMASSASSIN »

Selling Swing: turning 540 cO2B into cB by doubling the 540 short leg at 2.20 area. We still think that we can easily move up to 542 but wish to protect the bullish position for now. Instead will watch the 545 calls closely since considering doubling this leg as to mentain a kicker that could become a low risk credit with this same 540 leg if there was a strong move up.

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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