Selling Swing: shorting 161 calls at .51 same contract amo
Posted: Wed Jun 26, 2013 3:55 pm
Selling Swing: shorting 161 calls at .51 same contract amount as 160 long leg, instead turning this into a very large cDS. We could lock in the profits right now by turning this into a butterfly by shorting 159 or 159.50 since we are still long 158.50, but choosing to remain bullish for now overnight even though we are having a lot of difficulty passing 160.24 resistance. This means that if we pull back we won't increase our profits the way a closed butterfly would.
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 !!
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 !!