Selling Swing: Opening up the body of the calls butterfly
Posted: Tue Jul 10, 2012 1:03 pm
Selling Swing: Opening up the body of the calls butterfly by exiting 1/2 of the 625 calls at 1.90 area. so now have same contract amount on 620 and 630 longs as we have on the short body 625 calls. This removes a great deal of the protection and makes the bet very bullish, but if was to show more weakness then would probably renter the short around 1.55 area. as I send this out this is working against me with the options already down to 1.68.
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 !!