Buying Swing: AGGRESSIVE STRATEGY
doubling the leg 460 at .08-.09 here of the 455 cOB. remember we have no body since the 450 leg was paid for and then some trough previous debit and it being part of old credit. this long leg costs us little since oversized is still 30 cents. The reason for this double is so that when we do short the 455 full body entry, we will keep a kicker. this kicker allows us to later have option to move into a credit without adding any more legs as we did with the 435 leg twice earlier in the week.The future leg we will look to lock in would be the 450 this time around. Also bear in mind we will look to, if we run up to position into puts , again to leg in for possible iron butterfly if we get a move up to 455. Huge smiles on the 440 calls butterfly with garented profits , plus the same contract amount 440 pCS that alone gave us beyond max profit of your average butterfly. this is definitely a spectacular week enormous smiles ).
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 Swing: AGGRESSIVE STRATEGY doubling the leg 460 at
- MMASSASSIN
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