Selling Swing: AGGRESSIVE STRATEGY we have done 3 trades al

[MMASSASSIN]

Selling Swing: AGGRESSIVE STRATEGY
we have done 3 trades already at open
trade1
turned the 495 pB into 505 pCS and 495 pCS by moving 1/2 of the 495 short up to the 505 line at 2.80-.90.
trade 2
turned 520 cB into 520 cCS by moving the 515 associated with this butterfly up to the 525 line . Now since we had extra contracts of the 510s we add now to the short 520 to even out the credit spread. (AGAIN THIS IS NOT THE 515 CONNECTED TO THE 510 cB ) We did this after we saw that 510 trend line was holding as resistance.
trade 3
turned 510 cB into a 510 cCS by moving the 505 leg up to the 515 leg.
Now what we and up with is 2 credit spreads on calls 520 and 510 and 2 credit spreads on puts 505 and 495s.
strategy Explination
What this dose is bet on AAPL staying around the 505 to 510 levels best case sinerio , but hedged on the 500 possibility. And we are waiting for premiums on these options to dissipate and profit from it. Now remember we have a 500 calls butterfly so even if we are in danger of loss on the 505 puts credit spread it becomes offset with the 500 calls butterfly not to mention that the 510 credit spread is our single largest position. Now we are allowing the 510 to be of such a large size due to the existing 505 puts credit spread at risk. but we have to be ready to renter the 505 calls leg quickly if sets up to break that trend line that has held the stock back for a month now.

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 !!