Buying Swing: creating butterfly on 600 weekly calls at a
Posted: Fri Mar 23, 2012 12:30 pm
Buying Swing: creating butterfly on 600 weekly calls at a 1.85-.1.88 2x oversized. this means I am short the 600 weekly calls and long the 605 and 595 weekly calls the oversized is the 1.85 spread. The first entry into this butterfly was this morning and now that we pulled back again I entered my second entry to make it a 2x oversized overall stake. as I send this out we are close to 595 so if we pin there then the loss would only be a fraction of oversized so like the risk reward. again with butterfly all you can lose is oversized but you can make a much larger % return if you get the perfect 600 pin.
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 !!