Buying Swing: creating Aug 475 pOB by buying 470 puts at 2

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MMASSASSIN
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Buying Swing: creating Aug 475 pOB by buying 470 puts at 2

Post by MMASSASSIN »

Buying Swing: creating Aug 475 pOB by buying 470 puts at 2.32 area same contract amount as the 480 long leg and with the intention of latter shorting twice the contract amount 475s and reduce or erase risk.

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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