Buying Swing: AGGRESSIVE STRATEGY
buying 152.50 calls same contract amount as our 150.50 calls at .35 area. this gives us a cheap way to have bullish additional positioning without opening up the 151 butterfly body . also considering dubbing the 151.50 leg instead of opening up the body on if we were to break passed the day highs. Now if the pop site happens and we have weakness then we already have the puts debit spread we entered into yesterday plus we now can short the 152 leg same contract amount and enter a credit spread on calls side. that one I want to be cautious about doing since were right there now and a pullback would be so very profitable for the 151 butterfly since we entered that whole body yesterday at the close, anywhere bellow 152.50 becomes additional profits for us into expiration.
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 Swing: AGGRESSIVE STRATEGY buying 152.50 calls same
- MMASSASSIN
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