Selling Swing: AGRESSIVE STRATEGY covering the short leg of
Posted: Tue Jan 08, 2013 2:52 pm
Selling Swing: AGRESSIVE STRATEGY
covering the short leg of 540 cDS at .70-.83 . We already have a strait long leg from earlier today, here were locking in some profits here but exposing ourselves since we believe we are well positioned for a move up on into the close. We will renter the short at close. If there is to much weakness then would look to butterfly the position by reentering twice the 545 short contract amount as the 540 long and enter 1/2 550 long leg
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 !!
covering the short leg of 540 cDS at .70-.83 . We already have a strait long leg from earlier today, here were locking in some profits here but exposing ourselves since we believe we are well positioned for a move up on into the close. We will renter the short at close. If there is to much weakness then would look to butterfly the position by reentering twice the 545 short contract amount as the 540 long and enter 1/2 550 long leg
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 !!