Buying Swing: bought 485 470 455 pB at 1.30 area 15$ max profit twice the contract amount of our cB at 470 500 530 as

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MMASSASSIN
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Buying Swing: bought 485 470 455 pB at 1.30 area 15$ max profit twice the contract amount of our cB at 470 500 530 as

Post by MMASSASSIN »

Buying Swing: bought 485 470 455 pB at 1.30 area 15$ max profit twice the contract amount of our cB at 470 500 530 as a hedge. this will be twice the contract amount so max profit at 470 becomes same as the cB max profit at 500 since one is 30 bucks max profit, and the other is 15 bucks max profit times 2. We are taking some money of the table by licking in some of the cB at 15 buck area, big smiles, but we wish to exit the rest of it around 20$ .

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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