Buying Swing: locking in 500% oversized profit Turning 660
Posted: Fri Aug 24, 2012 9:49 am
Buying Swing: locking in 500% oversized profit Turning 660 puts butterfly into credit spread by exiting the 665 weekly puts leg we entered into at 4.15 area at 9.50-9.10. and moving it to the 670 leg at 1.75 area. We used the exaggerated move down at open as an opportunity to get above max profit on our 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 !!