Buying Swing: adding 580 calls at 1.26-1.28 area oversized
Posted: Thu Jun 07, 2012 1:42 pm
Buying Swing: adding 580 calls at 1.26-1.28 area oversized this time with no debit protection. Now the strategy that was working against us is starting to pay off and believe that we may see real follow trough but if we don't when we renter the short on 575 weekly calls it will be same contract amount as both the long 570 and the long 580 making it a butterfly with a bearish tilt to it. Also once we do close up this butterfly at the close will remote the 585 short debit protection to concentrate all the short fire power on the 575 calls line for of balanced butterfly.
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 !!