Buying Swing: removing the short leg of the 120 pDS at .71

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MMASSASSIN
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Buying Swing: removing the short leg of the 120 pDS at .71

Post by MMASSASSIN »

Buying Swing: removing the short leg of the 120 pDS at .71-.85 thats the 115 puts. We still wish to mentain bearish protection, so here that were bouncing were making the position stronger bearishly. Also watching the 510 puts to buy them same contract amount and in so spending little to have an pOB = open body butterfly.

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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