Buying Swing: buying 515 weekly puts at 2.40-.50 2x oversi
Posted: Mon Mar 05, 2012 12:56 pm
Buying Swing: buying 515 weekly puts at 2.40-.50 2x oversized with the intention of later shorting 520 weekly puts before Wednesday event or if we see strength today. The reason why the position is larger than usual is because if I have to tern this into a credit spread the spread is smaller so to make it oversized on the spread the long leg has to be larger. Earlier today we shorted shorted before this fall the 570 weekly calls trough the 575 calls at a .82 cent spread. I think that the event is now baked into the cake and the premiums on are to high so see potent ion in both short calls and puts into this event. I was since open bearish on AAPL but now after this fall a big part of the retracement may of already been seen
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 !!
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 !!