Buying Swing: adding AAPL 340 Jan calls at 3.90 area OVERSIZ

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MMASSASSIN
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Buying Swing: adding AAPL 340 Jan calls at 3.90 area OVERSIZ

Post by MMASSASSIN »

Buying Swing: adding AAPL 340 Jan calls at 3.90 area OVERSIZED accumulating bringing up the stake to a full 3x oversized position. As mentioned last week a date for the AAPL Es had not been set therefore the premium on the feb calls was so very high compared to the Jan, but now that Es will be released date certain before jan expire we saw the spike in premium plus our hedge with a short on AAPL 330 weekly calls worked out perfectly with us gaining on both ends. The premium on the jan calls should continue to build on AAPL and for now will not lock in the profits on the short on 330s till multiday direction terns bullish again keeping that short as a hedge on our further out longs.
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