Buying Swing: buying 442 440 438 pB twice the contract amount of the regular butterfly, but to do this I had to do 2 or

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 442 440 438 pB twice the contract amount of the regular butterfly, but to do this I had to do 2 or

Post by MMASSASSIN »

Buying Swing: buying 442 440 438 pB twice the contract amount of the regular butterfly, but to do this I had to do 2 orders, the first enough to remove the 440 long leg, the second enough for the rest . Remember we are upon nicely on the 448 444 440 pB we entered into Friday at .50 now around 1.80. This removes a great deal of risk while adding bearish fall profit area, on 1k to 1 mill challange account.

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”