Buying Swing: correction we are now covering the SPY 205 20

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MMASSASSIN
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Buying Swing: correction we are now covering the SPY 205 20

Post by MMASSASSIN »

Buying Swing: correction we are now covering the SPY 205 206 209 cB calls butterfly body short at .48-.50 with intention of reentering this short before the close. as I send this she has pulled back more to .42, so its already hurting a bit . If we lose the day lows then would exit the 205 calls long. We still have the 204 puts from friday and a continuation pullback would allow the premiums there to explode hence any pain on the 205 calls is offset by the strangle 204 puts.

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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