Buying Swing: AAPL is at a big resistance area , with one m

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MMASSASSIN
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Buying Swing: AAPL is at a big resistance area , with one m

Post by MMASSASSIN »

Buying Swing: AAPL is at a big resistance area , with one more resistance at 653. We believe this is a point where a strong retracement becomes much more likely. But if we pass these levels we have a lot of clear skys. We are going to do a great deal of positioning into next week so what would be really bad, for us, would be sideways action. We stand to lose 7x oversized on AAPL alone on sideways action into next week, so continue volatility please ). After a week this good ) we can stand to give some back.

AAPL Next week bullish strategy
655 660 665 cB
667.50 calls same contract amount as 680 july long
665 670 680 cB
665 670 cDS


AAPL Next week bearish trategy
640 635 630 pB
630 625 620 pB
630 625 pDS
620 615 pDS

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 !!