Buying Swing: turning 545 550 555 cB into cOB by covering
Posted: Thu Dec 19, 2013 10:04 am
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 !!
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 !!