Buying Swing: covering 1/2 of short 230 calls at 1.10 turn

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MMASSASSIN
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Buying Swing: covering 1/2 of short 230 calls at 1.10 turn

Post by MMASSASSIN »

Buying Swing: covering 1/2 of short 230 calls at 1.10 turning 225 230 235 cB into cO2B half open body butterfly. When we entered this play on friday we did so with a .30 spread so mental stop is then .30 bellow this entry.

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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