Buying Swing: opening up butterfly body completely by cover

[MMASSASSIN]

Buying Swing: opening up butterfly body completely by covering the 640 weekly calls short at 5.00-5.20 . we again pass all time highs on and if we get bullish follow trough then the potential for a final magnet of 655 or 650 is easy. The strategy from here is if we go higher before the close lock in the profits on the 635 calls and move that leg up to 655 or 660. Then we would renter a new body at other 650 or 655. Now we have a very large fully bullish position in AAPL , if we fall here then the point where we would renter the body at 640 calls would be if those options dropped to 4.00. Am willing to take a larger 2x loss risk only on all time high breakouts .

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 !!