Selling Swing: AGRESSIVE STRATEGY moving the 505 puts shor
Posted: Wed Jan 09, 2013 2:21 pm
Selling Swing: AGRESSIVE STRATEGY
moving the 505 puts short up to 515 at 2.10-1.99 area so we locked in profits on the 505 at .55 area. this makes the 515 pCS much larger, and remember we still have the 500 long leg, we want to move that leg up to the 520 leg same contract amount at the close to create an of balanced higher up 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 !!
moving the 505 puts short up to 515 at 2.10-1.99 area so we locked in profits on the 505 at .55 area. this makes the 515 pCS much larger, and remember we still have the 500 long leg, we want to move that leg up to the 520 leg same contract amount at the close to create an of balanced higher up 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 !!