Buying Swing: buying AAPL 345 Jan calls at 2.60 area and sho
Posted: Wed Jan 19, 2011 11:53 am
Buying Swing: buying AAPL 345 Jan calls at 2.60 area and shorting AAPL 340 jan puts at 1.82 area OVERSIZED both. Am here looking for a strong bounce on AAPL after her blow out quarter and using the short on 340 puts as both a bullish play and hedge against this week expire monthly long calls play. Big smiles on our shorts on booth 315 jan puts and 365 jan calls ,That strangle should have 1005 gain on both sides lost almost al premium already.