Buying Swing: AGGRESSIVE STRATEGY buying 14 puts weeklies
Posted: Tue Feb 19, 2013 2:11 pm
Buying Swing: AGGRESSIVE STRATEGY
buying 14 puts weeklies at .28-.30 area to create pO2B same contract amount as the 13 puts longs from friday. Now earlier we shorted the 13.50s right around these prices also same contract amount so that puts us in a pO2B. The next steep would be if there was strength double the short leg to close up 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 14 puts weeklies at .28-.30 area to create pO2B same contract amount as the 13 puts longs from friday. Now earlier we shorted the 13.50s right around these prices also same contract amount so that puts us in a pO2B. The next steep would be if there was strength double the short leg to close up 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 !!