Buying Swing: removing the full body of the 660 calls at 1
Posted: Mon Aug 20, 2012 3:43 pm
Buying Swing: removing the full body of the 660 calls at 10.20-10.40 and shorting 640 puts at 1.40 area same contract amount as out long 635 weekly puts. now we don't have a lot of time tip the close so will explain the rest of the strategy that wish to execute in the last 10 min. Wish to lock up all the profits on the 655 weekly calls and move that leg up to 675 long same contract amount. And wish to renter a new short body twice the contract amount of the long legs on the 670 weekly puts. So now that would make us a 670 calls new weekly butterfly.
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 !!