Selling Swing: AGGRESSIVE STRATEGY creating 430 pCS- same

[MMASSASSIN]

Selling Swing: AGGRESSIVE STRATEGY
creating 430 pCS- same contract amount as the 425 pCS, the dash (-) means that the long leg is one leg out. We are for now keeping both 425 and this new 430 short sharing the 420 long leg. This is the pullback we have been looking for since the open and wish to use it to roll up the 425 credit spread but first we will hold both but by the end of the day we are ready to remove the 425 short and 420 long and replace them with a 425 long attachment to this new 430 short to remove much of the overnight risk.

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 !!