Buying Swing: buying 600 puts at 2.90 same contract amount as the call strategy with intention of creating a 580 butt

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MMASSASSIN
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Buying Swing: buying 600 puts at 2.90 same contract amount as the call strategy with intention of creating a 580 butt

Post by MMASSASSIN »

Buying Swing: buying 600 puts at 2.90 same contract amount as the call strategy with intention of creating a 580 butterfly down the line, creating 18x OVERSIZED intraday exposure. This is same contract amount as the old 540 pB that we intent to move the body up to 580 next as to remove most of the risk.

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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