Selling Swing: AGGRESSIVE STRATEGY turning 550 pB into 2 p
Posted: Wed Feb 06, 2013 1:10 pm
Selling Swing: AGGRESSIVE STRATEGY
turning 550 pB into 2 pCS 560 and 550 by moving 1/2 of the short leg up to 560 at 7.15-6.40. The intention will be to turn both of these credit spreads into butterflies at the close, we again retraced so using it as a bullish opportunity.
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 !!
turning 550 pB into 2 pCS 560 and 550 by moving 1/2 of the short leg up to 560 at 7.15-6.40. The intention will be to turn both of these credit spreads into butterflies at the close, we again retraced so using it as a bullish opportunity.
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 !!