Selling Swing: turning puts butterfly into credit spread by
Posted: Thu Aug 09, 2012 1:14 pm
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 !!
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 !!