Buying Swing: shorting 532.50 at 1.80 area same contract a

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MMASSASSIN
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Buying Swing: shorting 532.50 at 1.80 area same contract a

Post by MMASSASSIN »

Buying Swing: shorting 532.50 at 1.80 area same contract amount as 535 short. This create a cal butterfly with 2 half bodies, one at 535 the other at 532.50. We don’t wish to ignore the rising wedge that seams to be breaking down now though this dose create credit risk now above 535, meaning we must now watch 535 calls and if we see bullish momentum lock in those profits quickly. In other words we have not turned intraday bearish .

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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