Buying Swing: bought back the 600 weekly puts at 2.25 area
Posted: Thu Jul 12, 2012 4:08 pm
Buying Swing: bought back the 600 weekly puts at 2.25 area and exited 1/2 of the 590s and went short 610 weekly calls weekly calls at .40 area. we created 2 butterflies as we had planed earlier both on puts and on calls to make money on volatility in other direction plus with no risk of loss on the puts side.
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 !!