Buying Swing: buying 455 Oct calls at 1.65 area OVERSIZED.

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MMASSASSIN
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Buying Swing: buying 455 Oct calls at 1.65 area OVERSIZED.

Post by MMASSASSIN »

Buying Swing: buying 455 Oct calls at 1.65 area OVERSIZED. This is a position that will most likely go to zero but with the short from yesterday on the 380 puts short we are hedged against sideways action. AAPL will most likely not bounce high enough to give value to these calls value, but am regardless positioning on the possibility since think they can not this time guide down due to the blow out most successful product launch in history that we saw this weekend with the iPhone 4s.

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 !!
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