Selling Swing: creating credit spread 615 july calls troug

[MMASSASSIN]

Selling Swing: creating credit spread 615 july calls trough 620 calls same contract amount as the 595 july puts short leg. according to my formulas multiday direction can here turn negative on even though this goes against my thesis am making this bearish bet same contract amount of the body of the puts butterfly we put into place yesterday. If we were to see strength in since the market is so strong then we could first remove the 600 puts july leg and move it down to 590 leg making a credit spread on the puts. with a credit spread on puts and calls we end up in an iron condor. If we after that see even more reason to go bullish we can buy the 610 calls half the contract amount of the short calls leg putting us in a butterfly on calls. ok this is real complexity )

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 !!