Buying Swing: turning 545 long leg into a 550 butterfly by
Posted: Wed Dec 18, 2013 3:46 pm
Buying Swing: turning 545 long leg into a 550 butterfly by buying 555 calls same contract amount as the 545 and then double shorting 550 calls. This way we move into a sideways to pullback setup and lock in a great amount of profits on the AAPL bounce.
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 !!