Buying Swing: created open body butterfly bought 665 calls
Posted: Mon Aug 20, 2012 10:47 am
Buying Swing: created open body butterfly bought 665 calls at 4.20-.40 same contract amount as the debit spread we entered into friday 655 / 660 calls. Now we have to have the trigger ready to short the 660 weekly calls if the direction terns from bullish to bearish.
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 !!