Buying Long Term: buying long legs of Sept GLD 120 121 cDS
Posted: Fri Sep 12, 2014 11:07 am
Buying Long Term: buying long legs of Sept GLD 120 121 cDS at .48 area 2 X OVERSIZED with a .22 spread . This is only the ing leg we will get the short before the close , and its with a 2x OVERSIZED spread in mind. We are now close to 118 and this is max profit for our butterfly long term options that expire next week, and we must protect what is strong profits from possible bounce here.
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 !!