Selling Swing: at the close entered only 1/2 of the short b
Posted: Tue Apr 01, 2014 4:20 pm
Selling Swing: at the close entered only 1/2 of the short body of 545 547.50 550 call butterfly at 1.00 creating a cO2B = 1/2 open body butterfly. We now have no risk of loss on the debit side of the butterfly, we can afford to keep the 550 leg exposed as a kicker. Plus gives us additional flexibility to close the body fully.
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 !!