Selling Swing: AGGRESSIVE STRATEGY turning 85 pO2B into pB

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MMASSASSIN
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Selling Swing: AGGRESSIVE STRATEGY turning 85 pO2B into pB

Post by MMASSASSIN »

Selling Swing: AGGRESSIVE STRATEGY
turning 85 pO2B into pB by doubling 85 puts short at 1.30-.20 area.
OK now we have a closed butterfly from the bearish 90 puts debit spread we entered into friday, and were here set for what could be a strong bounce from here with the long 100 calls stake. This is a very large entry on the 100 calls with the intention of reducing or removing all risk before the close by entering the 101 short leg. Every 20 cents we gain from here would be a OVERSIZED profit but with that said a move to 1.00 would put us at an oversized loss. so if we fall to 1.00 we would most likely butterfly this play right away. good luck playgrounders

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 !!
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