Buying Swing: doubling the long legs of puts 225 at .85-.8

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MMASSASSIN
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Buying Swing: doubling the long legs of puts 225 at .85-.8

Post by MMASSASSIN »

Buying Swing: doubling the long legs of puts 225 at .85-.85 and 215 at .18 area to create a pO2B ,half open body butterfly, yes we add to the long legs so that they are the same contract amount as the short leg , with the intention of later double the short before the close. Today the butterfly had a value closer to .30 and we entered yesterday at .60 so by doubling the long legs now and intention of doubling the short leg later, we bring the butterfly in line with current value and increase our bearish hedge.

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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