Buying Swing: AGGRESSIVE STRATEGY buying 445 puts at 1.35

[MMASSASSIN]

Buying Swing: AGGRESSIVE STRATEGY
buying 445 puts at 1.35 area same contract amount as the 465 calls position to work again as a hedge. i see the possibility of a real pullback here so making the hedge stronger this time around to protect our profits, and if we were to pull back enough would look to turn it into a cheap or free 450 pCS. Remember oversized last week into this week stood at .48 cents so if the 445 puts love .45 from here then will pull the trigger and enter short 450 leg, with intention of by the close entering 1/2 the contract amount 455 long leg. That would leave a pB with a 445 kicker. Again we only go the butterfly route if we are forced to do this from a point of weakness. If we fall here and get a free or close to free credit spread then the butterfly at close dose not become necessary.

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 !!