Selling Swing: we turned the june options into a iron cond

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Selling Swing: we turned the june options into a iron cond

Post by MMASSASSIN »

Selling Swing: we turned the june options into a iron condor by reentering the 585 calls 1.25 short and adding 590 calls plus removing the 580 calls at 2.65 area . Leave us with a strong 585 trough 590 calls short to go with our 565 puts short , hence of balanced iron condor where we now bet on sideways action with one side hedging out the other. Unfortunately the earlier play today hurt us the removing of the butterfly so when we move into this iron condor were in weaker standing.

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 !!
Top

Return to “Swing for the Fences”