Selling Swing: selling AAPL 385 weekly calls at 2.90 area f

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:

Selling Swing: selling AAPL 385 weekly calls at 2.90 area f

Post by MMASSASSIN »

Selling Swing: selling AAPL 385 weekly calls at 2.90 area from as low as .57 so 400% pure profit . and went long 3x oversized 390 calls at .80 area. Now remember we first entered these AAPL 385 calls at 1.19 then added at .90 then she fell more and added one last time at .57 so have a 3x oversized stake, so the profits on this position are now 9.06 X OVERSIZED pure profit or 900% oversized on 385s alone. thats why going long the 390s now 3x on one shoot is warranted after locking in such huge profits. By the way still hold the SPY long positions plus the bearish bonds stakes so huge week this week ). Plus remember had a few weeks ago AAPL 385 calls turned into stock and now after holding trough all that they are profitable and have no intention on selling them ither. big big smiles )

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 !!