Selling Swing: creating AAPL 114 115 116 cB call 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.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Selling Swing: creating AAPL 114 115 116 cB call butterfly

Post by MMASSASSIN »

Selling Swing: creating AAPL 114 115 116 cB call butterfly by double shorting the 115 calls at .37 area. Earlier we exited the half body at .65-.70 so this pull back has cost us sme of yesterdays profits. But wish to be on the safe side and close up the butterflies for now. Also mental stop on this butterfly body at .48 area

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 !!
Top

Return to “Swing for the Fences”