Buying Swing: how we play into event. Before the event we
Posted: Mon Jun 11, 2012 1:26 pm
Buying Swing: how we play into event. Before the event we shorted 565 june puts trough 560 june puts at .53 oversized for thought we may get a move up before the event and since this did not happen we here went long same contract amount of the 570 june puts at 2.43 area creating a very large position and an open biddy butterfly. also we bought a 605 trough 610 debit spread and if we have weakness will short 600 june calls same contract amount of 605 and remove the 610 calls leg if 654.40 is lost.
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 !!