Buying Swing: buying 970 1000 1030 cB half the contract am

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

Buying Swing: buying 970 1000 1030 cB half the contract am

Post by MMASSASSIN »

Buying Swing: buying 970 1000 1030 cB half the contract amount of the existing 1000 1050 1100 cB we entered Friday. What this will do is effectively erase the 1000 long since the double short is same contract amount, and expands the butterfly max profit range.

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”