Buying Swing: buying 530 puts at 2.10-.20 same contract am

[MMASSASSIN]

Buying Swing: buying 530 puts at 2.10-.20 same contract amount as the 555 calls from last week, to create bit of a strangle type action. Mental stop 1.15. On the calls side there is more hedge due to 560 calls body short, this lets us exit the body if we like and mentain a hedge. So now we mentain a bearish biest for the week until we get above 542.
Now On the puts side will be watching the 535 puts closely for if we fall would consider to short them same contract amount above 6.15 and only above 6.15, that would leave only a buck worth of risk on a 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 !!