Buying Swing: removing butterfly body by covering short on
Posted: Wed Aug 08, 2012 3:04 pm
Buying Swing: removing butterfly body by covering short on 615 weekly puts at 2.44-.60 all of it, with intention of reentering the body before the close. if we move up we would reenter the body at 2.00. now if we fall would ideally like to renter this short at 3.50 area on a move towards todays lows.
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 !!