Buying Swing: AGRESSIVE STRATEGY buying 540 puts at 1.40 s

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MMASSASSIN
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Buying Swing: AGRESSIVE STRATEGY buying 540 puts at 1.40 s

Post by MMASSASSIN »

Buying Swing: AGRESSIVE STRATEGY
buying 540 puts at 1.40 same contract amount as long legs on call Butterflies. This gives us the ability to make this play part of a debit spread on weakness or long leg of credit on strength Also this will most likely become either a 535 pB or a 545 pB at the close for we wish to butterfly her overnight. Reason for same contract amount is to position the pieces for tomorrow where we want to have the ability to create iron condors that are balanced puts vs 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 !!
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