Buying Swing: AGGRESSIVE STRATEGY buying 13 puts at .14-.1
Posted: Thu Feb 14, 2013 10:00 am
Buying Swing: AGGRESSIVE STRATEGY
buying 13 puts at .14-.17 same contract amount as the 14 puts long kicker to make a 13.50 pOB . (pOB = a no body at all butterfly, just the long legs) so we are trying to time the bounce top with intent of entering the 13.50 short leg double the contract amount. We will enter it right away if the premium goes back up to .60. At open we hesitated and missed the first opportunity to lock in profits on the 14 long leg by butterflying the play.at one point we had 6x oversized profit on that one BBRY puts kicker alone but did not move fast enough (. On the flip side if we pull back again and are able to get the double short 13.50 for the body at .60 then we increase our profit potential on any bounce there after, especially with this entry into the 13 wing cheap.
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 13 puts at .14-.17 same contract amount as the 14 puts long kicker to make a 13.50 pOB . (pOB = a no body at all butterfly, just the long legs) so we are trying to time the bounce top with intent of entering the 13.50 short leg double the contract amount. We will enter it right away if the premium goes back up to .60. At open we hesitated and missed the first opportunity to lock in profits on the 14 long leg by butterflying the play.at one point we had 6x oversized profit on that one BBRY puts kicker alone but did not move fast enough (. On the flip side if we pull back again and are able to get the double short 13.50 for the body at .60 then we increase our profit potential on any bounce there after, especially with this entry into the 13 wing cheap.
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 !!