Selling Swing: shorting AAPL 400 weekly calls at 2.99 rolli

[MMASSASSIN]

Selling Swing: shorting AAPL 400 weekly calls at 2.99 rolling up the same contract amount as the short on 390s. So Covering the short on 390 weekly calls at .76-.79 from 2.00 then we shorted the 400 calls same contract amount making this short twice the size. So far AAPL trough shorts has been very profitable, for we started by shorting the 380s by 370s friday, then we locked in the profits by rolling it up to the 390s same contract amount and then make 380s the long leg, now we again roll her up to the 400 line for one last locking in of profits and moving the short up. Each time U want to exit the long leg you had on the last vertical, so if 380 was my long leg we exit it here at .23 area. My strategy from now on is all about shorting a vertical and as the stock gains steadily tool the short up the same contract amount even allowing the position to become larger along the way as we lock in profits on the previous short.

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 !!