Buying Swing: buying 139 july calls at .11-.12 same contra
Posted: Wed Jul 18, 2012 12:22 pm
Buying Swing: buying 139 july calls at .11-.12 same contract amount as the 137/138 calls debit spread turning this into a open body butterfly with the intent of doubling the short on the 138 leg before the close to make this into a full butterfly. Big smiles on 137 calls we entered into at .36 cent initially now at 1.02 ). This position puts us in a place where we may be able to add to the 138 calls at the close remove all risk of loss and make further profits into expiration with theta working in our favor.
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 !!