Buying Swing: heww strategy turned in our favor profitabl

[MMASSASSIN]

Buying Swing: heww strategy turned in our favor profitable after strong loss, now turning both calls and puts into butterflies, 695 butterfly on calls by entering a 695 puts short at 2.00 area double the long 590s and adding the 700 leg. On the puts were buying 1/2 the 690 puts at 6.00 area and exiting 1/2 of the 680s leaving 585 puts butterfly. By creating a butterfly on the calls we not only increase the profit potential but we remove risk against down to sideways action since where getting high premium on the 695s. On the puts were bringing down the total risk while giving us an avenue to larger profits on a sideways to slow down action.

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 !!