Selling Swing: at the close entered only 1/2 of the short b

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MMASSASSIN
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Selling Swing: at the close entered only 1/2 of the short b

Post by MMASSASSIN »

Selling Swing: at the close entered only 1/2 of the short body of 545 547.50 550 call butterfly at 1.00 creating a cO2B = 1/2 open body butterfly. We now have no risk of loss on the debit side of the butterfly, we can afford to keep the 550 leg exposed as a kicker. Plus gives us additional flexibility to close the body fully.

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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