Buying Swing: a recap of this weeks strategy thus far on AA

[MMASSASSIN]

Buying Swing: a recap of this weeks strategy thus far on AAPL.
we bought 100 calls at .60 same contract amount as the 102 leg of an existing 102 103 104 butterfly from friday.We also had a 102 103 cDS that we bought into twice friday making the overall spread in mind .08. We removed the 103 body since it had fallen so much and moved the body down into 101 leg at .68 area.
We opened and closed the body during the shop so that cost us about 15 cents but by the close we were back int0 1/2 of the 101 body at .65 area.
Today we removed that 1/2 at .70 area so were again fully exposed costing us 5 cents since we don’t need to double the amount.
so in total we entered the 100 AAPL calls at .60 they are now 1.70 s0 1.10 profit, minus (.15+.05=.20) = .90
Divide that by the spread in mind and you get 1125% of oversized pure profit so far on AAPL strategy. So thats 11X Oversized profit.
Its actually more than that since were not counting the gains on the 102 leg from where we locked in profits on the 103 butterfly monday at open.
The 102 leg moved from .19 to .50 minus the body exposure risk of .08 exit times to so .16
. Once you divide that by .08 spread in mind you have another 2x profits so 1325% of oversized profits or 13X Oversized.
Now we are in a premium capture mode where the double short is of the table meaning whatever we short at 101 is times 2. Thats means 8 decided by 2 so every 4 cents from here is an oversized pure profit.

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 !!