Buying Swing: AGGRESSIVE STRATEGY buying 175 call position
Posted: Fri Feb 01, 2013 10:23 am
Buying Swing: AGGRESSIVE STRATEGY
buying 175 call position at .60 area OVERSIZED. OK we have a butterfly at 170 on NFLX but we did not have the 175 long leg protection if we were to run further so here we enter that strike but as a self standing position, this gives us a larger position than other legs and additional profits if we do move up strongly, plus gives us the ability to add to the credit spread side of the butterfly.
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 175 call position at .60 area OVERSIZED. OK we have a butterfly at 170 on NFLX but we did not have the 175 long leg protection if we were to run further so here we enter that strike but as a self standing position, this gives us a larger position than other legs and additional profits if we do move up strongly, plus gives us the ability to add to the credit spread side of the butterfly.
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 !!