Buying Swing: buying 240 calls at 4.75-5.05 same contract
Posted: Mon Mar 10, 2014 11:07 am
Buying Swing: buying 240 calls at 4.75-5.05 same contract amount as the 230 225 pDS. So since we got into the puts debit spread at .57 on friday we place this mental stop at 4.33 since this is a very large position we can get stopped out very fast. We have very strong profits on the bearish positions from friday on with a butterfly at 240 235 230 that could yeald 1566% max profit if we stay here , and a debit that could yeald 777% profit, so we need to now focus on protection early of the profits in hand.
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 !!