Buying Swing: adding 625 weekly calls butterfly at .28 are
Posted: Tue Jul 10, 2012 3:44 pm
Buying Swing: adding 625 weekly calls butterfly at .28 area this is the same butterfly we had from before adding here an oversized add stake makes the position much greater. with the potential of 1680% profit if we move to 625 by friday, this is very unlikely but worth the shoot considering where we were at the open. Plus since we are up on the puts 595 butterfly this works as a bullish volatility hedge.
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 !!