Buying Swing: AGGRESSIVE STRATEGY reentering the 510 cB by

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MMASSASSIN
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Buying Swing: AGGRESSIVE STRATEGY reentering the 510 cB by

Post by MMASSASSIN »

Buying Swing: AGGRESSIVE STRATEGY
reentering the 510 cB by buying back 505 calls at 3.00-3.30 that we exited at 4.50 earlier. thats 2.5x oversized profit that we are adding to this butterfly to reduce its overall risk. If moves lower and the 505s go to 2.70 then would reedit the long leg to let the credit do its thing. from 2.60 to here 1.38 were up on that short side 5.5x oversized profit here. But do remember we are down a lot on the 505 puts credit spread.

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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