Selling Swing: Creating an Iron Butterfly by shorting 100
Posted: Fri Jan 20, 2012 1:20 pm
Selling Swing: Creating an Iron Butterfly by shorting 100 jan calls at .84 area vertical credit spread. trough 105 at .03 area since we already have the credit spread on puts from earlier in the day now with this credit spread on calls on the same 100 strike it puts us into an iron butterfly into the close. This strategy now has the calls short heeding the puts short and vice versa.
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 !!
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 !!