Buying Swing: adding 410 weekly calls at .38-.40 OVERSIZED and shorted AAPL 390 weekly puts at 2.90-2.75 area OVERSIZED sorry for the late post but mentioned it timely in the cc. The thinking was to accumulate to our bullish AAPL 410 calls when AAPL retraced to a pullback target of 394 and also create some depreciation protection by shorting 390 puts. Now we have a 2x oversized stake on these very far out of the money 410 weekly calls with only a 1x oversized stake on the 390 weekly puts that protect against sideways action if we do not gain fast enough. Since we only have a partial protection with the short on puts , I am waiting to add another oversized stake to the short on AAPL 390 puts if AAPL passes day highs
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 !!
Buying Swing: adding 410 weekly calls at .38-.40 OVERSIZED
- MMASSASSIN
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