Selling Swing: at the close we wish to have the following
AAPL 111 112 113 cB
that means we enter the 112 short body at the close. Huge smiles on that )
AAPL 109 110 111
that means we enter the 110 short body at the close. Huge smiles on that also )
109 112 115 cB
that means that we will not connect the 109 kicker to 110 but instead double short up at 112 and add to the 115 call leg.
So again we will short 110 calls and 112 calls and buy 115 calls. Each position enough to create 3 perfect butterflies with one sharing the 112 leg.
Also on top of that we wish to double the 113 leg to have that as a bullish kicker, we bought that a few min ago.
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 !!
Selling Swing: at the close we wish to have the following A
- MMASSASSIN
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