Selling Swing: AGRESSIVE STRATEGY buying the 520 puts at 4
Posted: Wed Jan 09, 2013 3:21 pm
Selling Swing: AGRESSIVE STRATEGY
buying the 520 puts at 4.70 and exiting the 500s replacing the leg to put us into a butterfly and removing risk overnight. Im very surprised that AAPL still can not find its footing, losing this time more on the puts side than we are recovering from the calls side of this iron condor but its good that we had the calls credit spread to work as a hedge.On the calls side we are now looking to turn that into a butterfly swell by buying half the contract amount of the 530s and removing half of the 540s before the close
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 !!
buying the 520 puts at 4.70 and exiting the 500s replacing the leg to put us into a butterfly and removing risk overnight. Im very surprised that AAPL still can not find its footing, losing this time more on the puts side than we are recovering from the calls side of this iron condor but its good that we had the calls credit spread to work as a hedge.On the calls side we are now looking to turn that into a butterfly swell by buying half the contract amount of the 530s and removing half of the 540s before the close
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 !!