Selling Swing: locking in 1x oversized profit by opening bu
Posted: Wed Jul 11, 2012 12:57 pm
Selling Swing: locking in 1x oversized profit by opening butterfly puts and turning into credit spread. selling 600 weekly puts at 2.90-.70 area from 1.95 and moving that leg down to 590 strike at .56 area. This creates a huge credit spread 595 trough 590 weekly puts
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 !!