Buying Swing: buying SPY 212 calls .60-.65 area 4x oversize

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MMASSASSIN
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Buying Swing: buying SPY 212 calls .60-.65 area 4x oversize

Post by MMASSASSIN »

Buying Swing: buying SPY 212 calls .60-.65 area 4x oversized creating a COB call open body butterfly against the he credit spread we already locked in short leg. This allows us to later double short 213 on a bounce or if we bounce enough so math allows a credit spread with 211.

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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