Selling Swing: AGGRESSIVE STRATEGY turned 440 cO2B into c
Posted: Mon Apr 29, 2013 3:32 pm
Selling Swing: AGGRESSIVE STRATEGY
turned 440 cO2B into cB by doubling the short at 2.39-.25 locking in profits and removing all risk of loss. this locks in 8X oversized of our profits on top of giving us further profit potential. I remain bullish but after well over 10x gains we have to be lock in profits. Before the close or on any strength the next move would be to buy a 550 kicker leg same contract amount. The reason we want this big kicker is so that we can if one of the legs reaches max profit, remove that leg completely and replace it with this one.
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 !!
turned 440 cO2B into cB by doubling the short at 2.39-.25 locking in profits and removing all risk of loss. this locks in 8X oversized of our profits on top of giving us further profit potential. I remain bullish but after well over 10x gains we have to be lock in profits. Before the close or on any strength the next move would be to buy a 550 kicker leg same contract amount. The reason we want this big kicker is so that we can if one of the legs reaches max profit, remove that leg completely and replace it with this one.
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 !!