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Lord DarkHelmet

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Lord DarkHelmet

Re: Fossil-Fuel post# 2651

Thursday, 09/06/2012 3:34:52 PM

Thursday, September 06, 2012 3:34:52 PM

Post# of 2846
lolzzzzz...

I guess I read sarcasm in your tone. Sorry. Nevertheless, that is why it is a good strategy. The underlying moves significantly against you, yet not much pain.

Anyway, Close it just as you opened it. Depending on your trading platform, enter a butterfly, but change the "action" of each leg...

SPY Oct 131 "sell to close"
SPY Oct 136 "buy to close"
SPY Oct 141 "sell to close".

You can do it as 1 order. Check your trading platform and play with it...just don't execute the order.



Si vis pacem, para bellum — If you want peace, prepare for war.

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