Buying Swing: AGRESSIVE STRATEGY ok Im posting 3 moves on o

[MMASSASSIN]

Buying Swing: AGRESSIVE STRATEGY
ok Im posting 3 moves on one post. What we did with the market strength was turn create 550 cB into an O2B by exiting 1/2 of the 550s calls at 3.30-.45.
Shorted 545 puts at 2.35-.45 same contract amount as the 540s creating pCS.
Now your thinking wow were bullish but with no hedge against friday depreciation , and there is where trade 3 comes into play.
We turned the 560 cB into a cCS by exiting the 555 leg at 1.40-.33 and moving it to the 565 leg at .24 area.
So what do we have? we have a open body butterfly on 550 calls we have a big credit spread on the 560 calls this way if we don't move up fast enough we gain from premium decay. also we have a 545 puts credit credit spread half the contract amount of the calls credit spread creating an of balanced iron condor with a open body butterfly in-between. If we move above 550 we can double the puts credit spread to make the iron condor balanced.

545p 2.45-.35
550c 3.30-.45
555 c 1.40-.33

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 !!