Buying Swing: we bought back the 610 calls at 3.20 hew we
Posted: Wed Aug 01, 2012 4:27 pm
Buying Swing: we bought back the 610 calls at 3.20 hew we exited that today at 4.10 but more importantly the 615 credit spread finally worked so as we reenter the butterfly here at the close we are back to normal after getting shopped up all day with the earlier open butterfly. A lot of work to end up as we were . Hard day today. But SPY smiling there as we entered out 136 weekly puts short at .48 removing almost all risk on our bearish play into tomorrows data.
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 !!