Buying Swing: AGGRESSIVE STRATEGY creating 475 cB- by buyin

[MMASSASSIN]

Buying Swing: AGGRESSIVE STRATEGY
creating 475 cB- by buying 470 calls at 6.10-.30 same contract amount as 485 then entered double short amount on 475 at 3.40 . IF we have more strength then would look to buy 480 calls same contract amount at 470 calls leg, plus on puts would look to exit the whole debit side of the 460 pB to lock in that profit and only hold the credit spread side of the butterfly. That way we have profits locked in from the drop and gain more on a bounce.

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 !!