Buying Swing: buying 540 puts at 1.70 area same contract a

[MMASSASSIN]

Buying Swing: buying 540 puts at 1.70 area same contract amount as the 565 calls creating a 565 540 strangle. This buys us time entering a shorty leg on other calls or puts.
Then we entered the short leg on the 570 cDS at 2.00-1.94.
We are still bullishly placed due to our larger long term January 545 calls that are in the money without a short leg, so this bearish puts exposure created a bit of a hedge from bearish volatility. We want to lose money on this puts protection so if we move down .60 cents we can other take the loss on the 545 puts or turn it into a debit by shorting 535s against it.

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 !!