Buying Swing: buying AAPL 109 puts at .50-.55 same contract

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:

Buying Swing: buying AAPL 109 puts at .50-.55 same contract

Post by MMASSASSIN »

Buying Swing: buying AAPL 109 puts at .50-.55 same contract amount as the 107 puts short turning credit risk into a debit spread. This will be roughly .05 spread in mind. this turns a credit risk into a debit 109 107 cDS.
If we move down to .40 then we would consider rolling up the short from 107 to 108.
We still hold strong bullish positioning from friday.

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 !!