Buying Swing: AGGRESSIVE STRATEGY today we did 2 trades so

[MMASSASSIN]

Buying Swing: AGGRESSIVE STRATEGY
today we did 2 trades so far both on , remember we never entered into the short 440 puts yesterday leaving a completely open body butterfly overnight, since we already had a credit spread in place 435 to work as a bullish hedge.
trade 1
added 530 puts oversized at 1.80 area (this was an intraday bearish bet on the first little bounce so it allows us to later add a larger 440 body, and we had a target pullback of 438.60)
trade 1
turned 440 pOB into pB- by entering the body we had left open overnight at 6.10-5.90 plus the contract amount added today to 430s. this leaves us with the debit side of this butterfly smaller than the credit side so we have now turned stronger bullish on but we have to be careful since this short side is so much larger but remember it takes 2 bucks of gain before we have an oversized loss outside of this butterfly. but with the credit spread risk we may set a mental stop to exit the 440s at 7.20 area half of an x loss area.

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 !!