Buying Swing: AGGRESSIVE STRATEGY (in the end refering to 5

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
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MMASSASSIN
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Buying Swing: AGGRESSIVE STRATEGY (in the end refering to 5

Post by MMASSASSIN »

Buying Swing: AGGRESSIVE STRATEGY (in the end refering to 510 puts)
reentering the 510 cB by buying back 505 calls at 3.00-3.30 that we exited at 4.50 earlier. thats 2.5x oversized profit that we are adding to this butterfly to reduce its overall risk. If moves lower and the 505s go to 2.70 then would reedit the long leg to let the credit do its thing. regarding 510 short from 2.60 to here 1.38 were up on that short side 5.5x oversized profit here. But do remember we are down a lot on the 505 puts credit spread.

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 !!