Buying Swing: AGGRESSIVE STRATEGY created 156 short cB hav
Posted: Thu Apr 04, 2013 2:13 pm
Buying Swing: AGGRESSIVE STRATEGY
created 156 short cB having the wings short and the body long (. we shorted 155.50 at .49-.45 and 156.50 at .20-.16 half the contract amount of the long 156 leg from earlier today. so with a short butterfly we are betting that dose not get stuck at the 156 magnet, so anywhere 20 cents above or bellow that point is good for us. Tomorrow we have the flexibility to rearrange the position if 156 magnet looks more likely.
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 !!
created 156 short cB having the wings short and the body long (. we shorted 155.50 at .49-.45 and 156.50 at .20-.16 half the contract amount of the long 156 leg from earlier today. so with a short butterfly we are betting that dose not get stuck at the 156 magnet, so anywhere 20 cents above or bellow that point is good for us. Tomorrow we have the flexibility to rearrange the position if 156 magnet looks more likely.
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 !!