Buying Swing: buying long leg of AAPL 102 103 cDS at .35-.5

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MMASSASSIN
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Buying Swing: buying long leg of AAPL 102 103 cDS at .35-.5

Post by MMASSASSIN »

Buying Swing: buying long leg of AAPL 102 103 cDS at .35-.50 with a .10 spread in mind. this allows us to latter , if we want to , double short the 103 leg to create a butterfly since we already opened up the 105 butterfly. This is a little less contract amount than the original 105 butterfly of .08 spread in mind but pretty close.Remember last week we wanted to see a pullback to the 103.34 point were we wanted to focus strongly bullish on AAPL. today we only continue the strategy from friday with this unexpected quick snap down that brought us to the levels we wanted to see last week.

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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