Selling Swing: buying 720 and double shorting 700 calls against our long 670 calls from the open . This locks in profit

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MMASSASSIN
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Selling Swing: buying 720 and double shorting 700 calls against our long 670 calls from the open . This locks in profit

Post by MMASSASSIN »

Selling Swing: buying 720 and double shorting 700 calls against our long 670 calls from the open . This locks in profits and creates an off balanced butterfly 670 700 720 cB were 30 points on lower side and 20 on top side, giving us a bullish tilt. At open we gave up bearish strategies and quickly focused on this breakout. Now want to reduce overnight risk and lock in some profits

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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