Buying Swing: buying AAPL 102 calls at 1.22 area same contract amount as the 103 and 104 longs. We will sell the 103 longs before the close and then double short them.
buying long leg of 104 105 cDS at .26 area with a .18 spread in mins and 2X OVERSIZED position in mind . We will get the 105 short also before the close.
this will leave us with
102 103 104 cB and
104 105 cDS 2x oversized
____ This is a new strategic position direction were trying out for the first time and its meant to allow us to exit the strike with the highest extrinsic value or premium while entering a leg with less extrinsic value or premium then double shorting that first higher premium leg or butterfly body.
Its a path towards highest collection of premium and such a strategy works best early on in the 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 !!
Buying Swing: buying AAPL 102 calls at 1.22 area same contr
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