Buying Swing: turing calls into open body butterfly by buy
Posted: Mon Aug 13, 2012 2:43 pm
Buying Swing: turing calls into open body butterfly by buying 635 weekly calls at 2.60 came contract amount as the short on 640 calls. Now before the close or on any weakness we will double the short on 640 calls to close up the body of the butterfly. Probably in the final few minutes. has passed the day highs and after waiting for a 15 min candle to close above it, we turned the strategy fully bullish with the largest possible profit driver begin this long 635 calls position. held up with a market that at one point was down almost 100 points on the dow so now with market strength we should see this intraday flag bring about bullish follow trough.
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 !!