Buying Swing: The market is to strong so going bluish AAPL

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:
Contact MMASSASSIN

Buying Swing: The market is to strong so going bluish AAPL

Post by MMASSASSIN »

Buying Swing: The market is to strong so going bluish AAPL again, that means I chased it by
buying AAPL 645 calls at 4.25-4.70same contract amount as the 650 old debit.
and shorted AAPL 647.50 puts at 4.05-3.70.
As I send this AAPL is lower and the clears look very ugly. Had to shift strategies and may of done so prematurely but feel that we gave AAPL enough time to retrace and it did not materialize. We are now back in a butterfly with 650 as a bullish kicker.

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 !!
Top

Return to “Swing for the Fences”