Buying Swing: covering 1/2 of the call butterfly body at 1

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MMASSASSIN
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Buying Swing: covering 1/2 of the call butterfly body at 1

Post by MMASSASSIN »

Buying Swing: covering 1/2 of the call butterfly body at 1.55 area creating a cO2B half open body butterfly. Using this snap down as a bullish opportunity. We do want to have bearish protection as well so watching the 535 and 530 puts to buy one of these strikes same contract amount as the 540 puts credit spread from friday.

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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