Selling Swing: closed the butterfly body by reentered the
Posted: Tue Aug 14, 2012 1:10 pm
Selling Swing: closed the butterfly body by reentered the 640 weekly calls short at 2.95 area . opening the butterfly worked against us even though we went higher this pullback here I did not expect so removed 1x oversized from our profits. Now am considering locking up the profits on the 635 calls and moving the leg up to the 645s to leave a credit spread 640 645. Were going to give AAPL time before turning intraday bearish since it did have a clean breakout today and no real resistance on the larger charts.
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 !!