Buying Swing: AGGRESSIVE STRATEGY buying creating 445 cOB
Posted: Tue Apr 02, 2013 2:06 pm
Buying Swing: AGGRESSIVE STRATEGY
buying creating 445 cOB by buying 455 calls at .28 same contract amount as the 445 and want to enter the full short body at .60-.55 on a small bounce to remove further exposure. If we don't get a bounce then am willing to get the short leg for less. So we are legging into a calls butterfly, pivot was lost so can't remain bullishly exposed any more.
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 creating 445 cOB by buying 455 calls at .28 same contract amount as the 445 and want to enter the full short body at .60-.55 on a small bounce to remove further exposure. If we don't get a bounce then am willing to get the short leg for less. So we are legging into a calls butterfly, pivot was lost so can't remain bullishly exposed any more.
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 !!