Buying Swing: covering short leg of NFLX 445 447.50 cDS at

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MMASSASSIN
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Buying Swing: covering short leg of NFLX 445 447.50 cDS at

Post by MMASSASSIN »

Buying Swing: covering short leg of NFLX 445 447.50 cDS at 2.40-.60 area. By removing the short leg on the call debit spread at a better price than the entry yesterday and since we earlier at the day highs covered the short on puts butterfly this gives us a bit of a intraday strangle type exposure. If we continue falling then we will exit the 445 calls, and if we bounce back up then we will renter the 435 puts butterfly body.

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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