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Selling Long Term: selling the long term January 500 525 5

Posted: Fri Oct 25, 2013 10:36 am
by MMASSASSIN
Selling Long Term: selling the long term January 500 525 555 cB at 2.50 area from 1.50 entry. This was a butterfly we entered into for incase would get stuck at the 525 resistance, now that we have stayed above it for some time we can exit it. We will continue to hold the 545 Jan long leg .

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 !!