Selling Swing: huge smiles on we did well to go bearish th
Posted: Fri Aug 09, 2013 11:09 am
Selling Swing: huge smiles on we did well to go bearish this week now looking to turning the 2 465 and 454 pDS into one large of balanced 460 pB by moving the 450 short up to 460 around the 5.30-4.70 area, making the credit spread side of the butterfly much larger without the possibility of loss. so a free credit spread with huge profit potential if we bounce towards 460. By the way we are max profit on the 465 pDS no matter what, the only thing is we can not make additional money if we keep falling here. Big smiles )
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 !!