Selling Swing: AGGRESSIVE STRATEGY at open we had a strateg

[MMASSASSIN]

Selling Swing: AGGRESSIVE STRATEGY
at open we had a strategy that made us (6X OVERSIZED profit) . We had a game plan to turn the 2 puts butterflies right at the opening bell into half open bodies, expecting a pullback of a few points right at the bell, and then renter the body on the 460 butterfly after the snap back plus the same contract amount that we had on the 450s before. So what we did was lock in 1/2 of the profits on the 460 puts short at 2.88 and 1/2 of the 550 puts short at .50-.68. Now the profits here we are not counting since they are part larger butterflies. Now AAPL opened up at 463 area and then quickly fell back to 459 as we expected to happen. Once she fell back we had orders waiting to Short back the 460 calls amount we had just covered plus the contract amount that we had covered of the 450s this time also on the 560 leg. So we shorted a larger amount of the 460 puts at 5.31-4.70 about 5.10 average. Being able to cover at 2.88 and renter at 5.10 average a larger amount brought us 6X oversized profits in the first 15 min of the open ) big smiles. ofcorse we went trough this strategy for 30 minuted hehehe before the market opened , but a strategy we will employ more often in similar situations ). Remember we had the calls butterfly adding weight to the play.
560 puts cover at 2.88,
560 puts re-short at 5.31
550 puts cover at .50-.68

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 !!