Buying Swing: this is all the strategies into next week plu

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MMASSASSIN
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Buying Swing: this is all the strategies into next week plu

Post by MMASSASSIN »

Buying Swing: this is all the strategies into next week plus the long term positions on
has her upcoming earnings on Wednesday. This Event falls in the slow period leading up to what may be the most important time for since 2010 when Apple released the ipad. Every 4-6 years or so we get a new product category from and Timmy has told us to be expecting a new category this year, so big deal. Not only that, AAPL may now have the technology to make a larger screen phone thats thin enough to allow 1 handed use. And if the rumors are true and they more often not are wrong, there might be a much larger phone to go with a moderately larger screen phone, both reaching thinness only apple can achieve due to there proprietary chips. What dose that mean for this earnings? Absolutely nothing. People will hold of on buying an iPhone this quarter since they know a new one is right around the quarter so do not expect to see strong numbers there. The high end MacPro that I’m also a owner of has sold strongly as to still be on back order and its a high margin product, but the creative professional space is still a small slice of Apples business. So with that said AAPL is sure to come out with a strong quarter but nothing huge , yet the price that we trade at today mandates we attempt some bullish bets into the earnings. Not only that , we must also position into some long term positions just for incase we do get a strong move since we don’t want to miss the ride.
So we have been waiting now half a year to reposition in options long term bullish and today we begin that positioning .


into earnings weekly strategy
next week weekly
545 560 575 cB about 1.45 spread area
540 550 562.5 about 1.05 spread.
yes one wing is further out but thats so that we don’t hit the other butterflies body

2 weeks away weekly
550 570 590 about 1.50 spread area
the reason we go 2 weeks away is for incase a buy back or a move creates a move on the stock with a week after the event, something that sometimes dose.

We today begin the long term positioning. We will add more later but for now we wish to have some placements before the earnings. One if for July the other is for October.

July 580 call position 2X OVERSIZED about 3.80 strait long.

Oct 625 645 cDS about 1.40-1.80 spread, huge spread.

had a roller coster these last 2 weeks. Last week we had the first penetrating body on a weekly chart trend line dating back to nov 2011. But remember it was a body penetration not a full body below. So this week the opposite is true with the weekly body beginning bellow the trend line only to close above it with a penetration. Again its only a penetration, we don’t have clarity till we have a full body on a weekly candle bellow or above the trend line. So since this is only a bullish penetration we will still use as a hedge on our bullish bets.

bearish strategy next week
186 185 184 pB about .09 spread
183 182 pDS

Bullish next week just for incase we go back to all time highs.
189 190 191 cB at .07 area

was able to hold above the all important 195 level with only a big wick bellow it. But despite this we wish to have a single protecting bearish bet for incase we end up losing it. On the bullish side we are right now very close to the declining trend line dating back to all time highs that falls at the 207 level. If this is passed then a strong swing up should be seen.


bullish strategy
205 210 215 cB
205 210 cDS


bearish strategy
185 180 175 pB about.30
We are doing this low butterfly just for incase we were to lose 195 again even though now were looking bullish. The single butterfly is lower this week since a breakdown would get us passed this weeks lows.

185 short for the reverse calendar
We will continue the reverse calendar strategy buying 185 weekly calls same contract amount as the 185 April puts shorts. We tock a hit this week and must focus on a lower premium long to make up.

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 !!