Buying Swing: turning 530 525 520 pB into a pOB by removin

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MMASSASSIN
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Buying Swing: turning 530 525 520 pB into a pOB by removin

Post by MMASSASSIN »

Buying Swing: turning 530 525 520 pB into a pOB by removing the 525 full body at .36. AAPL has been in a multi day rising wedge and here she may be breaking down of that wedge We still hold the 525 puts so now since we locked in profits on this body we can move our mental stop on the 525 puts to 1.05. and have the same risk we were looking yesterday . Again we also have a half open body butterfly on calls 530 535 540 that would profit if we get stopped out of the puts side.

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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