Selling Swing: turning 645 pB into a 645 pCS by locking in
Posted: Thu Oct 18, 2012 9:59 am
Selling Swing: turning 645 pB into a 645 pCS by locking in profits on the 650 calls at 12.15-11.20 average 11.80 and bought 640 at 4.20 area. gaped down bellow 640 and now the credit spread part of the butterfly is bend max profit, so we might swell lock in profits on the 650 leg for incase we get a bounce.
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 !!