Buying Swing: locking in about 70% profit on 580s and rolli
Posted: Tue Jul 03, 2012 10:24 am
Buying Swing: locking in about 70% profit on 580s and rolling them up to 585 calls . So far have legged into the 585 weekly puts short at .78 area with and locked in the 580 profits and held the long 575 leg. Have not yet moved the long let to 580 so am partially naked on this right now since the spread is much smaller made the short position on the 585 leg bigger. On any sign of weakness would quickly enter the long leg and focus on terming our calls into a credit spread to iron condor this strategy. But by the close wish to have both the calls and puts in butterflies to remove overnight risk. and the close is at 1pm.
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 !!