Buying Swing: buying long leg of 159.50 pDS at .69 area sa

[MMASSASSIN]

Buying Swing: buying long leg of 159.50 pDS at .69 area same contract amount as the 158.50 calls, we are creating protection on huge profits, and buys us time. We still have the 160 calls long at good profits from today and this is the leg were protecting by creating intraday strangle. once we have direction bullish we enter the 159 puts short or if we fail to push higher we complete the calls butterfly by dubbing the 158.50 short leg, or 159 if we want to split the body.

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 !!