Selling Swing: AGGRESSIVE STRATEGY creating 445cCS by ent
Posted: Fri Feb 22, 2013 1:27 pm
Selling Swing: AGGRESSIVE STRATEGY
creating 445cCS by entering 445 calls short at 4.90-.70 same contract amount as the long 450 calls from earlier today. this gives us a deep in the money credit spread that can only cost us another 20 cents or so since were almost at 450. This way if we turn really bullish we can let go of the short and again hold only the long but if we were to pull back towards 445 then we would receive profits 2500% greater than the risk were adding intraday, ofcorse the risk were adding with this short is just a fraction of an oversized yet a pullback would yeald us butterfly type profits.
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 !!
creating 445cCS by entering 445 calls short at 4.90-.70 same contract amount as the long 450 calls from earlier today. this gives us a deep in the money credit spread that can only cost us another 20 cents or so since were almost at 450. This way if we turn really bullish we can let go of the short and again hold only the long but if we were to pull back towards 445 then we would receive profits 2500% greater than the risk were adding intraday, ofcorse the risk were adding with this short is just a fraction of an oversized yet a pullback would yeald us butterfly type profits.
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 !!