Buying Swing: buying 590 weekly puts at .83-.87 same contr

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MMASSASSIN
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Buying Swing: buying 590 weekly puts at .83-.87 same contr

Post by MMASSASSIN »

Buying Swing: buying 590 weekly puts at .83-.87 same contract amount as the short on 585 weekly puts to create an open body butterfly. before the close plan on doubling the short on the 585 puts to close the butterfly. I would do this early if we broke above 600 before the close. On the calls side before the close wish to short the 605 and go long 600 to tern that into a butterfly also overnight.

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 !!
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