Buying Swing: buying SPY 210.50 calls at 1.13 same contract

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MMASSASSIN
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Buying Swing: buying SPY 210.50 calls at 1.13 same contract

Post by MMASSASSIN »

Buying Swing: buying SPY 210.50 calls at 1.13 same contract amount as our long 211.50 calls. depending on weather or not we bounce into the close we determine weather to enter a butterfly body at 211 next or if to exit the 211.50 and make that a new body.
Now our bullish positioning on SPY may seam very excessive but we can easily shift things by entering or removing butterfly body on either puts or calls. We are playing this aggressively as a continuation to last week plus the expected volatility we wanted to see on and after fed decision . We wanted to see a fall on Wednesday and then a following run up Thursday and Friday.

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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