Buying Swing: bought both legs of a 93.57 93.21 pDS at .40
Posted: Tue Jun 10, 2014 3:57 pm
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 !!
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 !!