Selling Swing: locking in 856% PURE PROFIT 31X OVERSIZED PR

[MMASSASSIN]

Selling Swing: locking in 856% PURE PROFIT 31X OVERSIZED PROFITS and moving into credit spread selling 610 calls at 4.40 area from .46 and 600 weekly calls at 12.25 area from 3.10 . OK this was a butterfly where today we doubled the 610 leg and then we bought 615 leg . now every .46 cents represents an oversized profit but bear in mind we have a huge loss on the 605 position right now that not unless falls would we truly make this much. We removed now the 610 and the 600 legs from the equation leaving in the 615 trough 605 credit spread . This leave us very much exposed to lose if we move higher on so if we see additional strength would not hesitate to buy back the 610 calls same contract amount at a higher price to remove the loss prospect from the 605 short since they will both move now dollar for dollar. But now best case senerio would be a pullback on and then few min before the close we can rent enter the butterfly. OK IN SHORT if we move higher renter 610, if we move down renter butterfly by buying back 600 hopefully cheaper . I have to head out so wanted to be detailed in the plan.

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 !!