Buying Swing: buying next Friday expire 370 360 350 pB = put butterfly 4X OVERSIZED here at 1.23 area including the 10
Posted: Wed Oct 05, 2022 10:19 am
Buying Swing: buying next Friday expire 370 360 350 pB = put butterfly 4X OVERSIZED here at 1.23 area including the 100 to 1 mill in one year challenge account. Remember monthly Oct cB that we have in place dose not expire till 2 Fridays from now and this position helps to work as a bearish hedge and first position into next week on SPY now that we have today again touched the declining trend line. And we went bullish this week when that 61.8% larger bearish extension was reached so it could be reached again if the bull trap is already in place.
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 !!