Buying Swing: adding 480 calls at 2.20 area same contract
Posted: Tue Aug 13, 2013 1:52 pm
Buying Swing: adding 480 calls at 2.20 area same contract amount as the 475 leg. This gives us a kicker on top of the 470 cB. the initial spread in mind when we started this strategy trough 465 cDS on friday was around .65 cent meaning that would have to be our mental stop loss. so we now have a huge butterfly 470, plus we have both a long 470 puts and a long 480 calls along with the 480 cDS from yesterday. We are waiting now to either get stopped out of todays 480 calls stake or the 470 puts stake once we find out weather or not we break out here.
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 !!