Buying Swing: AGGRESSIVE STRATEGY buying 430 puts at .22-
Posted: Wed Feb 20, 2013 11:58 am
Buying Swing: AGGRESSIVE STRATEGY
buying 430 puts at .22-.30 area twice the contract amount of the 440 puts creating a 435 pOB with a 430 kicker. This way when before the close we enter the 435 short leg twice the contract amount of the 440s we end up with a butterfly with a 430 bearish kicker that cost us less than 1/2 oversized.
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 430 puts at .22-.30 area twice the contract amount of the 440 puts creating a 435 pOB with a 430 kicker. This way when before the close we enter the 435 short leg twice the contract amount of the 440s we end up with a butterfly with a 430 bearish kicker that cost us less than 1/2 oversized.
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 !!