Buying Swing: buying 117 calls at .66-.75 same contract amo
Posted: Thu Sep 18, 2014 10:28 am
Buying Swing: buying 117 calls at .66-.75 same contract amount as the 118 calls we bought earlier with intention of double shorting the 117.50 if there is any weakness. Remember our long term butterfly that expired this week has max profit at 118, we we wish to time a bounce so that we can later bring down the max profit areas.
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 !!