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Buying Swing: Turning puts butterfly into credit puts spre

Posted: Wed Aug 29, 2012 9:54 am
by MMASSASSIN
Buying Swing: Turning puts butterfly into credit puts spread by exiting 660 puts at .73 area and bought 650 calls at .21 area leaving us with a larger 655 650 weekly puts credit spread. correcting the last post yes its puts not calls.

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 !!