Buying Swing: bought 615 calls same contract amount as the
Posted: Thu Jul 05, 2012 11:29 am
Buying Swing: bought 615 calls same contract amount as the long 610 calls. We did this when 610 was passed and we have over 100% profit already on todays 610 add. I wish to have a long leg now positioned at the 615 leg so that if we wish to lock in profits on 610 we can do so and we can also exit the 600 calls if there was to be a retracement setup putting us into a huge credit spread intraday but ofcorse we want a butterfly overnight. Plus if we move higher then the 605 short leg won't work against us any more.
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 !!