Buying Swing: AGGRESSIVE STRATEGY turning 440 pB- into 540

[MMASSASSIN]

Buying Swing: AGGRESSIVE STRATEGY
turning 440 pB- into 540 pCS- by exiting the 445 puts at 5.40-.20 locking in profits and entering the 430s at 1.00-.20. now we have a puts 445 credit spread trying to time a bounce after the shareholder meeting. By the way opening up calls body cut us up even more on this fall ( this time, for the first time removing a good chunk of profits from yesterday, but have not yet reentered body so may get an opertunety later if the markets move AAAPL back up. Mental stop would be 6.50 to renter this long leg if fell more, and would hold on to this 430 kicker. on the calls side we would look to not only renter the short 450 if we do not bounce here but then move the 445 calls up to 455 to create a credit spread on the calls side. so drawing a line in the sand where were trying our last bullish bets on here but ready to turn fully bearish if we fail to bounce.

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 !!