Buying Swing: entering short 163.50 short at .95 area same

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MMASSASSIN
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Buying Swing: entering short 163.50 short at .95 area same

Post by MMASSASSIN »

Buying Swing: entering short 163.50 short at .95 area same contract amount as 163 long to create a pCS with only 1x risk of loss but 6x profit potential. Now big smiles on the 164 cDS from last week, considering buying 165.50 calls to create an -cO2B open body butterfly., we did well to keep the short body further up friday ).

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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