Buying Swing: due to the 50% fib extension am entering 175

[MMASSASSIN]

Buying Swing: due to the 50% fib extension am entering 175 calls at 3.40-.65 same contract amount as the 185 calls. This is a very large stake but the strategy will be to move the butterfly down from 190 to 180 latter. When we move that short leg down we will also exit the 195 leg since we don't need a kicker that far up. We have been waiting all day for a bounce to give us bearish operunetys, there is still the slim chances that we get a bounce large enough to make this into a credit but for that to be possible we would need to see 170 calls as high as 7.50 or so 7.75 ideally .

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 !!