Buying Swing: bought 260 calls at 3.00 same contract amoun
Posted: Wed Feb 26, 2014 2:10 pm
Buying Swing: bought 260 calls at 3.00 same contract amount as the long legs of the 250 245 240 pB. Since the profit potential is so high bearishly we want to on the pullback begin a bullish hedge. If we pull back enough then would look to buy the 150 calls also same contract amount as to have a open body 155 to double short into the close. Also another option is to open the puts butterfly then we would be in a strangle.
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 !!