Selling Swing: Todays strategies on included rolling up a
Posted: Mon May 20, 2013 10:33 am
Selling Swing: Todays strategies on included rolling up a Credit spread and turning the call debit into an open body butterfly.
Entered 425 pCS at .75 spread. We are already at 50% profit on the 415 pCS from friday and we wish to exit this play before the close and hold the new pCS.
turned 455 cDS into 460 cO2B by buying 465 calls at .50 area same contract amount as the 455 and 460 legs. This increases our profit potential and its financed with the puts credit spreads. We will most likely double the short leg to close up the butterfly overnight depending on how we look at the close.
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 !!
Entered 425 pCS at .75 spread. We are already at 50% profit on the 415 pCS from friday and we wish to exit this play before the close and hold the new pCS.
turned 455 cDS into 460 cO2B by buying 465 calls at .50 area same contract amount as the 455 and 460 legs. This increases our profit potential and its financed with the puts credit spreads. We will most likely double the short leg to close up the butterfly overnight depending on how we look at the close.
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 !!