Selling Swing: AGGRESSIVE STRATEGY entering 156 pCS at .32
Posted: Mon Mar 11, 2013 12:50 pm
Selling Swing: AGGRESSIVE STRATEGY
entering 156 pCS at .32 spread same contract amount as the short 156 cDS putting us in a IB Iron butterfly. now this is a huge credit spread but the max risk is 1.5 oversized since the max loss on this play is only 18 cents. This is an in the money position but it works as a good way to allow the calls credit spread that we are currently down on, premium to go down trough the day. Also considering buying in the money 155.50 calls position 1/2 the amount of the 156 calls to create a cB with a kicker if this strength continues.
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 !!
entering 156 pCS at .32 spread same contract amount as the short 156 cDS putting us in a IB Iron butterfly. now this is a huge credit spread but the max risk is 1.5 oversized since the max loss on this play is only 18 cents. This is an in the money position but it works as a good way to allow the calls credit spread that we are currently down on, premium to go down trough the day. Also considering buying in the money 155.50 calls position 1/2 the amount of the 156 calls to create a cB with a kicker if this strength continues.
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 !!