Buying Swing: reentered the butterflies long 635 calls at
Posted: Wed Aug 15, 2012 3:29 pm
Buying Swing: reentered the butterflies long 635 calls at 1.51-.70 and 625 weekly puts short at 1.23 . Overall we profited from it but should of treated this intraday bearish bet as a scalp since the profits were up so much higher on the fall before we bounced to 630. the 625s went up to 2.25s and the 635s down to 1.00. Was looking for a stronger pullback than we saw. it may still come at the close though but now have removed risk again.
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 !!