Selling Swing: turing calls butterfly into a credit spread
Posted: Thu Aug 02, 2012 10:25 am
Selling Swing: turing calls butterfly into a credit spread by exiting the 610 weekly calls at 2.10-2.00 and moving that leg up to the 620 weekly calls. as I send this the 610s are up to 3.40 so we should of waited in hindsight . but still believe this is a good even better point to position into a calls credit spread. Do not believe will go to 615 now. On am considering buying 605 puts oversized since dont think this bounce is going to hold, an going to give this time before pulling the trigger .
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 !!