Selling Swing: butterflying by double shorting 1090 calls at 11.30-10.15 against the 1050 calls we entered at 12.20 and
Posted: Thu Jan 06, 2022 7:22 am
Selling Swing: butterflying by double shorting 1090 calls at 11.30-10.15 against the 1050 calls we entered at 12.20 and 14.80 with a long at 1130 strike at 2.50
This gives us locked in profits on what was an aggressive 20x bounce position below fib 1050 magnet
And we end up with a 1050 1090 1130 cB = call butterfly that is free and has max profit of an additional 40 bucks.
Remember yesterday we bought a 1090 1050 1010 pB that is up huge today, so a 40 point put butterfly that is now only increasing in value as theta dose its thing with todays action. We now have a nice hedge bullishly at the 1090 point where before we had a valley of death more or less guaranteeing profits within a huge zone into 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 gives us locked in profits on what was an aggressive 20x bounce position below fib 1050 magnet
And we end up with a 1050 1090 1130 cB = call butterfly that is free and has max profit of an additional 40 bucks.
Remember yesterday we bought a 1090 1050 1010 pB that is up huge today, so a 40 point put butterfly that is now only increasing in value as theta dose its thing with todays action. We now have a nice hedge bullishly at the 1090 point where before we had a valley of death more or less guaranteeing profits within a huge zone into 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 !!