Selling Swing: moving back into an iron condor but tighter
Posted: Thu Jun 14, 2012 1:36 pm
Selling Swing: moving back into an iron condor but tighter by removing the whole butterfly on the calls on june and moving same contract amount to the 580 at .78 area calls short credit spread trough 585 calls short. sorry for late post, we tock a loss on the 580 calls play but by making this our short leg we can at the close move this strategy into a butterfly . wish to have butterfly on both 565 puts and 580 calls into tomorrow, while benefiting intraday from premium decay trough this iron condor.
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 !!