Buying Swing: buying 605 April calls at 3.50 OVERSIZED am

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.
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MMASSASSIN
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Buying Swing: buying 605 April calls at 3.50 OVERSIZED am

Post by MMASSASSIN »

Buying Swing: buying 605 April calls at 3.50 OVERSIZED am here seeing a significant intraday positive clearing but the larger picture is very bearish so if we lose the day lows I would short the 595 calls and turn it into a credit spread. I like attempting a bullish bet close to the day lows for it dose not take much to make us reverse our bets bearish with little risk. We still hold the long puts 580 april so we can if we start seeing a move up above 591 , we can short the 590 calls again and tern this strategy that is now profiting from bearish to sideways action into a fully bullish strategy. AAPL had a big fall today and usually she bounces but this may not be the case this time since we lost the trend line that has held true since the last gap. If we fall more then 568 would be the gap cover and bearish target. Right now to recap we have credit spread puts 575 trough 570 puts plus a long 585 puts and now a new long 605 calls position. the credit spread is bullish the long puts leg is bearish and this new long leg is the first calls position for in case a bounce dose materialize but if it dose not it can be turned into a credit spread easily.

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 !!