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Buying Swing: we covered the short leg of the 545 550 cDS

Posted: Tue Mar 25, 2014 10:05 am
by MMASSASSIN
Buying Swing: we covered the short leg of the 545 550 cDS call debit spread at .75-.80 close to open, and now were considering going further bullish by adding same contract amount 555 calls. That would put us in a cOB = call open body butterfly.

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 !!