Selling Swing: selling 450 puts at 1.70 area from .86-.90

[MMASSASSIN]

Selling Swing: selling 450 puts at 1.70 area from .86-.90 locking in the 2x oversized profits while buying same contract amount of the 445 puts at .64 area same contract amount. this moves the long leg on the 455 puts credit spread down from 450 to 445 locking in over a 2x oversized profit on the long leg while moving down the long leg from 450 to 445. now this bring up the risk a of this play considerably if the pullback would have follow trough since we still are in deep loss on the 455 short leg. I am betting on bouncing from here to erase that loss but if it dose not, then mental stop on the short leg reaming at 100% move up from short entry. of this strategy works out and dose bounce here then the over profit on the strategy will double, knock on wood.

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 !!