Buying Swing: doubled short leg of 440 pCS at 4.70 area. A

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MMASSASSIN
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Buying Swing: doubled short leg of 440 pCS at 4.70 area. A

Post by MMASSASSIN »

Buying Swing: doubled short leg of 440 pCS at 4.70 area.
Also created 445 cOB by buying 440 calls at 1.24 area same contract amount as the 450 long leg.
So were trying to time the bottom and again go bullish AAPL. Could of gotten the short leg 440 above 5s but got greedy trying to get them at 6 bucks. now if we bounce and close friday at or above 440 we can make another 4x about on the short puts play alone. Would like to short the 445 calls to butterfly them if we come back up since the weekly resistance is strong there, and a good place to have a friday options magnet.

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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