Selling Swing: AGGRESSIVE STRATEGY creating 170 cCS- with
Posted: Thu Jan 31, 2013 12:34 pm
Selling Swing: AGGRESSIVE STRATEGY
creating 170 cCS- with 1.00 spread 170 short at 1.20 area. This is same contract amount of the old pB body this way of we renter the short on puts as a credit we have equal protection. Still have the open body on the 155 puts butterfly so if we do not fall from 164.70 resistance then we can renter the short and then turn the butterfly into 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 !!
creating 170 cCS- with 1.00 spread 170 short at 1.20 area. This is same contract amount of the old pB body this way of we renter the short on puts as a credit we have equal protection. Still have the open body on the 155 puts butterfly so if we do not fall from 164.70 resistance then we can renter the short and then turn the butterfly into 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 !!