#LT #OptionStrategy
Had created a butterfly sometime back. A few days back when LT had crossed 1980, bought 1980CE with an intention of shifting the inside buy leg, but LT fell. Today LT recovered back and went past my new buy leg.
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Had created a butterfly sometime back. A few days back when LT had crossed 1980, bought 1980CE with an intention of shifting the inside buy leg, but LT fell. Today LT recovered back and went past my new buy leg.
+ 2
Just before close I thought I should book profit and reduce the risk (minimise the loss when opportunity is there). Booked 1960CE and the position looked like this. There is no downside risk!!
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+ 3
If LT opens gap down, takes support and starts going up tomorrow, I can shift the OTM wing inside (reverse buying) and make the fly like this , where both wings become free
Cover 2080CE and buy 2060CE
Cover 2080CE and buy 2060CE
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