Buying Swing: turning 545 550 555 cB into cOB by covering

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: turning 545 550 555 cB into cOB by covering

Post by MMASSASSIN »

Buying Swing: turning 545 550 555 cB into cOB by covering 550 body short calls at 1.72 from our entry at 4.40 yesterday. Since the butterfly body was a double short it represents 600% OVERSIZED profit from yesterdays entry ). so again taking a more bullish stance but still will keep the puts positions exposed bearishly all week.

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 !!
Top

Return to “Swing for the Fences”