Buying Swing: turning NFLX 440 435 430 pB into pOB by cover
Posted: Tue Sep 23, 2014 10:10 am
Buying Swing: turning NFLX 440 435 430 pB into pOB by covering the butterfly short body at 1.65 - 1.75. this turns our butterfly into an open body butterfly where we would like to renter the body again later to again capture more premium.
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 !!