Selling Swing: AGGRESSIVE STRATEGY late post at open exited
Posted: Wed Mar 06, 2013 11:28 am
Selling Swing: AGGRESSIVE STRATEGY
late post
at open exited the 425 puts 2.00-.25, these we had entered into yesterday at the close at 2.80 area 1/2 the contract amount of the 420 puts credit spread to create a butterfly and remove risk overnight. Now this exit was badly timed because fell after the open and this long leg would of gone up to a high of 5.00 , so we tock a small loss when we could of locked in a strong profit if we would of waited before exiting that leg. still big smiles for the day so far due to the open body much better timed calls 430 cOB strategy.
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 !!
late post
at open exited the 425 puts 2.00-.25, these we had entered into yesterday at the close at 2.80 area 1/2 the contract amount of the 420 puts credit spread to create a butterfly and remove risk overnight. Now this exit was badly timed because fell after the open and this long leg would of gone up to a high of 5.00 , so we tock a small loss when we could of locked in a strong profit if we would of waited before exiting that leg. still big smiles for the day so far due to the open body much better timed calls 430 cOB strategy.
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 !!