Buying Swing: AGGRESSIVE STRATEGY selling 150.50 leg at .8
Posted: Fri Feb 01, 2013 2:43 pm
Buying Swing: AGGRESSIVE STRATEGY
selling 150.50 leg at .80-.77 were locking in the profits since we had the additional 151 kicker we now can have further profits on a pullback, best case senerio would be pull back to 150, but a pull back to 15.50 would still give us more than max profit on a regular 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 !!
selling 150.50 leg at .80-.77 were locking in the profits since we had the additional 151 kicker we now can have further profits on a pullback, best case senerio would be pull back to 150, but a pull back to 15.50 would still give us more than max profit on a regular 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 !!