Buying Swing: bought AAPL 99 puts at .10 area same contract
Posted: Thu Oct 09, 2014 1:51 pm
Buying Swing: bought AAPL 99 puts at .10 area same contract amount as the 101 puts with the intention to before the close double shorting the 100 puts. This creates a pOB put open body butterfly. We have very strong profits on the 101 puts we entered at .15-.17 and by butterflying with a 100 body we can guarantee profits but also have additional profits if we found further downside tomorrow.
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 !!