Buying Swing: bought AAPL 99 puts at .10 area same contract

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.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:

Buying Swing: bought AAPL 99 puts at .10 area same contract

Post by MMASSASSIN »

Buying Swing: bought AAPL 99 puts at .10 area same contract amount as the 101 puts with the intention to before the close double shorting the 100 puts. This creates a pOB put open body butterfly. We have very strong profits on the 101 puts we entered at .15-.17 and by butterflying with a 100 body we can guarantee profits but also have additional profits if we found further downside tomorrow.

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 !!