Buying Swing: AGGRESSIVE STRATEGY turning 460 pCS into 460
Posted: Tue Feb 12, 2013 10:03 am
Buying Swing: AGGRESSIVE STRATEGY
turning 460 pCS into 460 O2B by buying 465 puts at 2.00 same contract amount to create an open body butterfly. Now in 15 minutes at 10:15 we ail have Tim Cook speak in a Goodman conference. not sure if we will close the body on this butterfly before the event but for now taking a bearish hedge here. remember oversized on this butterfly is 48 cent spread so this is a very large bearish hedge. we must enter the short leg if the calls lose 48 cents of premium, so double 460 short leg to close up the body then.
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 460 pCS into 460 O2B by buying 465 puts at 2.00 same contract amount to create an open body butterfly. Now in 15 minutes at 10:15 we ail have Tim Cook speak in a Goodman conference. not sure if we will close the body on this butterfly before the event but for now taking a bearish hedge here. remember oversized on this butterfly is 48 cent spread so this is a very large bearish hedge. we must enter the short leg if the calls lose 48 cents of premium, so double 460 short leg to close up the body then.
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 !!