Selling Swing: selling the 565 weekly puts at 1.45 area al
Posted: Fri Jun 01, 2012 11:18 am
Selling Swing: selling the 565 weekly puts at 1.45 area all of it and adding to the 555 weekly puts line to tern what was a butterfly into a start credit spread 560 trough 555 weekly puts. Am using a butterfly that would probably not fall enough to make her profitable into a profit driver trough a strait credit spread on the bet that we will not fall further. But if we were to see additional weakness we could always renter this leg if we lost pivot at 566.80.
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 !!