Selling Swing: creating iron butterfly by shorting 135 tro
Posted: Fri Jul 13, 2012 10:38 am
Selling Swing: creating iron butterfly by shorting 135 trough 134 weekly puts credit spread at .21 area same contract amount as out 135 trough 136 calls butterfly. If SPY brings us another oversized loss from here on the calls then would remove the short leg and let the long leg run. Remember have still twice the contract amount on the long leg of the calls then the puts that was earlier in the week as a 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 !!