Selling Swing: we turned the june options into a iron cond
Posted: Wed Jun 13, 2012 1:05 pm
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 !!
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 !!