Buying Swing: buying 117 calls at .66-.75 same contract amo

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MMASSASSIN
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Buying Swing: buying 117 calls at .66-.75 same contract amo

Post by MMASSASSIN »

Buying Swing: buying 117 calls at .66-.75 same contract amount as the 118 calls we bought earlier with intention of double shorting the 117.50 if there is any weakness. Remember our long term butterfly that expired this week has max profit at 118, we we wish to time a bounce so that we can later bring down the max profit areas.

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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