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Buying Swing: buying debit spread 580 weekly calls trough

Posted: Thu Jun 07, 2012 10:34 am
by MMASSASSIN
Buying Swing: buying debit spread 580 weekly calls trough 585 weekly calls and earlier today exited the short on 575 weekly calls at 3.85-4.00 opening up the body folly of the butterfly. Unfortunately letting go of the body of our call butterfly worked against us on this pullback but still chose to add 580 calls on the pullback.

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 !!