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Selling Swing: shorting 600 weekly puts trough 595 weekly puts at 1.25-1.15 credit spread 2x oversized and exited the 595 puts butterfly on the opening dip. Also bought 1x oversized add to the 605 weekly calls at 1.20 area. ok I saw a this open as a huge bullish opertunety since the physics on were not ready for a pop at open with the market so on the gap cover used it to exit the puts butterfly lock in those profits and refocus with a 2x oversized new credit spread on the 600 line plus add a long 600 calls position. I also exited the 610 calls just for incase that once moves up if its something dramatic like last week want to fully profit from the move. This new credit spread will hedge us against sideways action if has difficulty passing 605.

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 !!