Buying Swing: covering the rest of the 245 calls around .41 area just for incase we get strength again into the close. If we don't would look to add real credit risk overnight by shorting 242.50 calls at the close sqewing the butterfly but since our long term calls also expire this week it hedges a little 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 !!
Buying Swing: covering the rest of the 245 calls around .4
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