Selling Swing: sold the 135 weekly puts at .83 area and bo
Posted: Tue Feb 07, 2012 3:18 pm
Selling Swing: sold the 135 weekly puts at .83 area and bought 135 weekly calls at .64 area 2x oversized. the butterfly did its job am now exiting it at a small loss but overall the strategy remains profitable on the puts spread and adding to the bullish strategy with a new long leg 135 calls. the data was good so want to be bullishly placed now. Since we have a strong credit spread position protecting against sideways action feel comfortable making the long leg twice the usual entry right of the bat.
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 !!