Buying Swing: AGRESSIVE STRATEGY shorting 560 calls at 1.3
Posted: Wed Jan 02, 2013 2:07 pm
Buying Swing: AGRESSIVE STRATEGY
shorting 560 calls at 1.30-.20 same contract amount as the 565 long leg. This brings us into an intraday cCS with trigger on the 555 calls if we see strength. The intent here will be to enter the 555 calls and by the close double the short on 560s to move us into a secant 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 !!
shorting 560 calls at 1.30-.20 same contract amount as the 565 long leg. This brings us into an intraday cCS with trigger on the 555 calls if we see strength. The intent here will be to enter the 555 calls and by the close double the short on 560s to move us into a secant 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 !!