Buying Swing: bought 635 / 630 next week puts debit spread

[MMASSASSIN]

Buying Swing: bought 635 / 630 next week puts debit spread at .30 spread. 635 at 1.30. 635 at 1.30 and 630 at 1.00. We now have into next week a debit spread on 700 calls and 635 puts. What were betting on here is volatility into next week with a type of strangle type placement. this is the only positioning into next week. AAPL is extended but if it breaks out here then the extension is calling for a big rally. the opposite is true if it fails so am looking for big volatility in one direction or the other. And since there is no event coming the premiums are not to high. Come monday if we get volatility the next step ail be to look to tern the winning debit into a butterfly using the monday high premiums to reduce risk, and the opposite side ail look to remove the long leg and move it closer to create a credit spread with same long leg. worst case senerio would be no volatility

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 !!