Buying Swing: buying 250 puts at 4.00-.10 same contract am

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MMASSASSIN
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Buying Swing: buying 250 puts at 4.00-.10 same contract am

Post by MMASSASSIN »

Buying Swing: buying 250 puts at 4.00-.10 same contract amount as the 240 puts with intent to double short the 245 before the close so we have a butterfly closer to the 447 100% fib extension. the way we drew the extension was starting after that first gap up long term.

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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