Buying Swing: buying 175 calls at 1.25-.40 same contract a
Posted: Wed Aug 28, 2013 10:08 am
Buying Swing: buying 175 calls at 1.25-.40 same contract amount as the 165 cB, this gives us a kicker on the butterfly for incase continues higher.With max profits on the butterfly standing on a 165 perfect magnet into friday we want to have a bullish hedge since she has been so strong when the market fell yesterday . If we did get a run the next part of the strategy would be to exit the 170 long leg at 6.00 that would mean max profits on the butterfly have been reached already and any pullback from that would be a exponential component.
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 !!