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Selling Swing: double shorted 530 puts to close the butter

Posted: Tue Feb 11, 2014 3:24 pm
by MMASSASSIN
Selling Swing: double shorted 530 puts to close the butterfly at 1.38 area but first covered the 525 puts at .58 area. this puts us in a full 535 530 527.50 pB. It seams as if we may be cleat to move up to 541-542 from here so we may re open the body if we get there.

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 !!