Buying Swing: removing the Debit spread short leg at profit

[MMASSASSIN]

Buying Swing: removing the Debit spread short leg at profits 635 weekly calls at 4.05 and moving fully bullish on 625 weekly calls before the earnings. We will renter the short leg before the close. The market is weak and allowed us to lock in the profits on the short we entered into at 4.70 and 4.50 areas. In the final 2 hours before an earnings the premiums seam to spike. gaped up today but because of the weak market covered its gap. Were using the gap cover as an intraday bullish opportunity. We are still up about 3x oversized on the long 625 calls we entered into yesterday during the morning pullback at 4.30-.45, we wish to hold this position into earnings but it would be ideal to short the 635 calls at a higher level making something what already had no risk into the event, into a position where the debit spread has the short leg considerably higher than the long leg, allowing profits to be locked in no matter what. Every 1 buck above 4.40 on 625 weekly calls is equal to 1x oversized profit. I as send this that move is working against me and the 635 leg has fallen to 3.82.

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 !!