Selling Swing: AGRESSIVE STRATEGY were making the first tra
Posted: Fri Jan 11, 2013 1:52 pm
Selling Swing: AGRESSIVE STRATEGY
were making the first trade of the day on , locking in profits on the 530 butterfly body at .05-.08 . Yesterday we were able to enter this leg at 1.40 area when we created the butterfly, and since this wis twice the contract amount of the 525 we essentially created the mathematical equivalent of exiting the 525 at 2.20 area. So now that we have no body on this butterfly we wish to renter the body if we can at .50 that would give us another 5x oversized profits guaranteed . This was the butterfly that we made yesterday as a gar anted 10x oversized profit play but if we were to get 530 in the unlikely event of a run into the close then there is another 25x oversized profits to be made on top of the 10 x we gar ranted on this yesterday.
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 !!
were making the first trade of the day on , locking in profits on the 530 butterfly body at .05-.08 . Yesterday we were able to enter this leg at 1.40 area when we created the butterfly, and since this wis twice the contract amount of the 525 we essentially created the mathematical equivalent of exiting the 525 at 2.20 area. So now that we have no body on this butterfly we wish to renter the body if we can at .50 that would give us another 5x oversized profits guaranteed . This was the butterfly that we made yesterday as a gar anted 10x oversized profit play but if we were to get 530 in the unlikely event of a run into the close then there is another 25x oversized profits to be made on top of the 10 x we gar ranted on this yesterday.
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 !!