Buying Swing: buying long leg of 560 557.50 pDS at 2.55-.6

[MMASSASSIN]

Buying Swing: buying long leg of 560 557.50 pDS at 2.55-.60 with .65 spread in mind. as a hedge and would like to turn it into a free credit if we did pull back. best case sinerio we get stopped out .65 loss. our long term Jan 545 calls that are now deep in the money are again up strongly but we still have resistance at 572 area, this the level we want to see passed. Plus our April 580 calls that we entered into she AAPL was bellow 400 could become just like the jan play, something we can short weekly calls against once it gets close to or in the money for weekly paycheck . 572 for us holding long term is a huge level that we wish to see passed.

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 !!