Buying Swing: AGGRESSIVE STRATEGY buying weekly 475 calls
Posted: Tue May 07, 2013 10:53 am
Buying Swing: AGGRESSIVE STRATEGY
buying weekly 475 calls at .52 area, same contract amount as the 465 calls with the intent of latter exiting the 465 calls that we entered into friday, and end up in an Iron Condor. Turning puts butterfly into a credit is hurting us, so we need to look to lock in profits on fridays 465 calls play to even things out, and buy ourselves time. We did not renter the 455 puts leg and that is erasing some profits.
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 weekly 475 calls at .52 area, same contract amount as the 465 calls with the intent of latter exiting the 465 calls that we entered into friday, and end up in an Iron Condor. Turning puts butterfly into a credit is hurting us, so we need to look to lock in profits on fridays 465 calls play to even things out, and buy ourselves time. We did not renter the 455 puts leg and that is erasing some profits.
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 !!