Buying Swing: bought at open 590 weekly calls at 1.85 area

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MMASSASSIN
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Buying Swing: bought at open 590 weekly calls at 1.85 area

Post by MMASSASSIN »

Buying Swing: bought at open 590 weekly calls at 1.85 area oversized as mentioned in the room. With this initial leg if we had the market continue down we can short same contract amount of the 585s and tern this to a credit spread. But for now if she falls back bellow 1.70 then will add another oversized stake on these calls. Usually when aapl gaps down se more often than not has a complete gap cover, so have made it part of my discipline to always buy calls on gap downs.

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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