Buying Swing: exiting the rest of the 595 weekly puts short

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: exiting the rest of the 595 weekly puts short

Post by MMASSASSIN »

Buying Swing: exiting the rest of the 595 weekly puts short at 2.10 - 2.20 with a mental reentry stop if these calls move down to 1.65 then would bring back the whole short body of the butterfly. Now am 100% bearishly placed on puts legs with no hedge but right at the close. Before the close have to renter the full butterfly body witch means short again these 595 puts twice the contract amount of the long 600 puts leg. Hopefully we fall from here and we can get this butterfly nice and plump into the close. This is a very bearish placement.

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 !!
Top

Return to “Swing for the Fences”