Buying Swing: locking in 500% oversized profit Turning 660

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
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MMASSASSIN
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Buying Swing: locking in 500% oversized profit Turning 660

Post by MMASSASSIN »

Buying Swing: locking in 500% oversized profit Turning 660 puts butterfly into credit spread by exiting the 665 weekly puts leg we entered into at 4.15 area at 9.50-9.10. and moving it to the 670 leg at 1.75 area. We used the exaggerated move down at open as an opportunity to get above max profit on our butterfly

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 !!
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