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Buying Swing: covered at 2x loss 620 calls at 1.44-.50 are

Posted: Fri Aug 10, 2012 3:10 pm
by MMASSASSIN
Buying Swing: covered at 2x loss 620 calls at 1.44-.50 area and went long 625 weekly calls at .04-.11. Earlier we also shorted the 620 puts to create iron butterfly and erase loss on 615. The 625 play is a longshot

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 !!