Selling Swing: AGGRESSIVE STRATEGY rolling up the short leg
Posted: Thu Jan 31, 2013 1:52 pm
Selling Swing: AGGRESSIVE STRATEGY
rolling up the short leg of 149 puts at .24 to 149.50 at .39-.38. We locked in the profits on the short leg and moved the short leg up to 149.50 giving us additional profit potential and hedge on the calls credit spread and narrowing down the IC to a 150 - 149.50 Iron Condor. Buys us more time. If we were to roll up the short one more time on puts it would create an Iron Butterfly, we don't want an IB right now, we rather have to separate butterflies sharing same some legs. and at close enter some further away butterflies before tomorrows Employment data.
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 !!
rolling up the short leg of 149 puts at .24 to 149.50 at .39-.38. We locked in the profits on the short leg and moved the short leg up to 149.50 giving us additional profit potential and hedge on the calls credit spread and narrowing down the IC to a 150 - 149.50 Iron Condor. Buys us more time. If we were to roll up the short one more time on puts it would create an Iron Butterfly, we don't want an IB right now, we rather have to separate butterflies sharing same some legs. and at close enter some further away butterflies before tomorrows Employment data.
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 !!