Buying Swing: covering the short leg of the 270 275 cDS fl

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MMASSASSIN
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Buying Swing: covering the short leg of the 270 275 cDS fl

Post by MMASSASSIN »

Buying Swing: covering the short leg of the 270 275 cDS flat at 1.00, we would like to short 265 calls to create a low risk cCS if the premium gains to 6.00 on a continuation up move. we already have a butterfly at 260 265 270 from friday that can bring us 1900% max profit so if we see a strong move, rather than hope for perfect magnet we would look to protect the profits with this low risk credit strategy.

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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