Buying Swing: bought 110 puts at 1.09-.15 same contract am
Posted: Wed Jul 17, 2013 10:31 am
Buying Swing: bought 110 puts at 1.09-.15 same contract amount as the 125 puts giving us a kicker for the 115 butterfly. By the way huge smiles as we pass thousand % profit on the puts strategy ).as mentioned earlier we would do bearish protection as soon as we touched the 117.87 target, but this dose not make us bearish since we still hold the 115 calls from yesterday. If we were to pull back it would be ideal to be able to the move the 125 puts long and hold a low risk put credit spread at above butterfly 12x max profit .
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 !!