Selling Swing: Removing one butterfly leg to move back into
Posted: Thu Jun 14, 2012 11:52 am
Selling Swing: Removing one butterfly leg to move back into credit spread by selling 570 june puts at 2.45 area and moving that leg down to 560 leg at .45 level. This leaves us again with a 565 560 credit spread. By the way as mentioned on previous post , we entered into the 575 june calls at 1.90 area they are up a bit now. What I would wish to do is be positioned for a possible bullish continuation on and if it happens then before the close remove move our calls butterfly down to the 580 level.
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 !!