Buying Swing: turned my weekly 230/235 cds into a butterfly

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
ctinvestor
Posts: 230
Joined: Wed Apr 27, 2011 8:24 pm

Buying Swing: turned my weekly 230/235 cds into a butterfly

Post by ctinvestor »

Buying Swing: turned my weekly 230/235 cds into a butterfly by covering the 235, selling 2 232.50s, then buying a 235 long to turn it into a 230/232.50/235 butterfly to reduce the cost of my trade (my risk) by almost 50%
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