Buying Swing: Im turning very bearish intraday here by rem
Posted: Wed Aug 15, 2012 1:11 pm
Buying Swing: Im turning very bearish intraday here by removing butterfly body on weekly puts 1/2 at 1.27-.30 the other 1/2 at 1.40 and turning calls butterfly into credit spread by removing the 635 calls at 2.00 area and moving them up to 645 weekly puts at .70 area . OK now we have a fully bearish intraday position where we before the close probably last 5 min if we have bearish follow trough, wish to renter the full short on puts hopefully at a much higher premium. On the calls side also wish to close out the day again in butterfly, not sure exactly where and how yet though.
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 !!