Buying Swing: bought SPY 195 calls at.37-.42 same contract

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MMASSASSIN
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Buying Swing: bought SPY 195 calls at.37-.42 same contract

Post by MMASSASSIN »

Buying Swing: bought SPY 195 calls at.37-.42 same contract amount as the 196 calls from earlier today, creating a SPY 195 195.50 196 cOB call open body butterfly. SPY reached the 78.6 fib extension at 195.84. At the close we ash to on SPY enter double short 195.50 calls to close up the butterfly body and on AAPL do the same with the 197 calls. This SPY point is not as big of support as the AAPL point.

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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