Buying Swing: exiting the rest of the 595 weekly puts short
Posted: Wed Jul 11, 2012 3:22 pm
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 !!
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 !!