Selling Swing: shorting AAPL 320 june calls at 1.80-1.66 sa

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MMASSASSIN
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Selling Swing: shorting AAPL 320 june calls at 1.80-1.66 sa

Post by MMASSASSIN »

Selling Swing: shorting AAPL 320 june calls at 1.80-1.66 same contract amount as we were long the AAPL 325 june calls to tern the position around vertical short. since we entered the long at ,50s and we went short at 1.70 average then with a dollar spread what was a 2x oversized long becomes a 4 x oversized short. This is important since we still hold the short on AAPL 320 puts to bring us into a short straddle on the 320 line.

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 !!