Selling Swing: turning puts butterfly into credit spread by

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MMASSASSIN
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Selling Swing: turning puts butterfly into credit spread by

Post by MMASSASSIN »

Selling Swing: turning puts butterfly into credit spread by removing the 620 weekly puts at 2.51-.45 and buying 610 puts at .35 area to move into not only a credit spread but also a iron condor. Now we have a credit spread on puts and on calls so as long as we stay between 615 and 625 we profit. but by the close.

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 !!
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