Buying Swing: AGGRESSIVE STRATEGY at open we have done 3 p

[MMASSASSIN]

Buying Swing: AGGRESSIVE STRATEGY
at open we have done 3 plays
trade 1 . locked in the profits on the long leg of the 560 pCS at 4.00 area and moved it to the 550 leg 1.90 area.
trade 2 to create protection we created a 465 cCS- at 1.50 spread.
trade 3 once we started bouncing bought 560 calls at 6.50 area 1/2 the contract amount of the 465 cCS-. leaving us with on the calls side a sort of butterfly with extra 475 kicker. on the puts side we now have a leg further out on the 560 puts credit spread. So we were betting on a bounce but wanted to be ready with a credit on calls of same contract amount to work as iron condor if we needed protection.

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 !!