Selling Swing: protecting the 1000% PROFITS ON 385 puts by

[MMASSASSIN]

Selling Swing: protecting the 1000% PROFITS ON 385 puts by shorting 380 weekly puts at 3.25 twice the contract amount trough 375 puts at 1.50-.60 same contract amount this creates a butterfly with twice the contact amount on the 380 short as we have on the 385 and 375 longs. yesterday we did well to reverse out positions on and bearishly and now 385 puts that we entered into at .80 went passed 8 bucks so 1 thousand % pure profit, its retraced some here. Now by entering the butterfly we essentially lock in the profits and protect against a bounce but we are well positioned to exit the short if a bearish continuation is seen then holding both long legs. Its a way when you see the possibility of the position turning against you but larger picture you want to stay the corse , a way to hedge and suspend the decision till clarity is seen . all loses from last week have been erased today but missing the bearish gold play GLD from friday and the bearish GMCR puts I recommenced yesterday but didn't clear myself were 2 incredible plays that both made more than a thousand % gains each, to those who entered. I missed both those plays that I recommended , why I don't know, and they were both the sort of plays that come about rarely. Ok in closing if markets continue down the fall can be very big watch for reaching 117.60 yea we can fall in a matter of days THAT MUCH ON THE MARKETS according to my analysis. hence why Im hesitant about locking in profits on these bearish bets.

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 !!