Buying Swing: buying next week 615 calls same contract amount as this week strategy at 8.75 area, putting a full 35x o
Posted: Fri May 21, 2021 6:03 am
Buying Swing: buying next week 615 calls same contract amount as this week strategy at 8.75 area, putting a full 35x oversized at intraday risk. The thinking is that we have a butterfly here at 590 with 10 bucks max profit but if we get above 600 that disappears so this wil work as an intraday hedge. we will turn this into a lesser risk play before the day is done.
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 !!