Buying Swing: bought both legs of a 93.57 93.21 pDS at .40

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:
Contact MMASSASSIN

Buying Swing: bought both legs of a 93.57 93.21 pDS at .40

Post by MMASSASSIN »

Buying Swing: bought both legs of a 93.57 93.21 pDS at .40 area and .28 area for the legs, same contract amounts a the 94.29 93.57 pCS creating a reverse pB . this removes 1x profit potential from the pCS but hedges us bearishly. The reason its a reverse AAPL butterfly is because now we have short wings and a long body.

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 !!
Top

Return to “Swing for the Fences”