Selling Swing: turning butterfly into credit spread by sell
Posted: Tue Jul 31, 2012 11:50 am
Selling Swing: turning butterfly into credit spread by selling 595 weekly calls at 17.00-16.80 a full 12 oversized profit from 5.50 yesterday and moving up that leg to 610 long keeping the short 600 body untouched. Remember I'm down huge on the short leg and this is a continuation play from friday but big smiles if we pullback here )
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 !!