Buying Swing: exiting body completely by covering the othe
Posted: Wed Aug 01, 2012 11:26 am
Buying Swing: exiting body completely by covering the other 1/2 of the 615 calls at 2.29-.50 by the time I send this its down to 2.08. Opening up this butterfly has worked against us and if we do not do something about the long legs then we have further bearish exposure. Now if we bounce then we have big profit potential on the 610 calls since were holding both wings of the butterfly
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 !!