Buying Swing: buying 225 220 215 pB put butterfly at .60 a
Posted: Wed Apr 02, 2014 3:58 pm
Buying Swing: buying 225 220 215 pB put butterfly at .60 area. we do this to protect the possible 1566% profit potential on the calls 230 butterfly from friday. We already tock a little less than a 1x loss on the 220 puts just as we did on SPY. They were protections that kept our aggressive bullish positions in play without the need to lock in profits.
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 !!