Buying Swing: buying AAPL 108 puts at .70 area same contrac

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MMASSASSIN
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Buying Swing: buying AAPL 108 puts at .70 area same contrac

Post by MMASSASSIN »

Buying Swing: buying AAPL 108 puts at .70 area same contract amount as the 207 calls with intention of replacing that leg before the close and rolling up the 205 body before the close. Not sure yet how much we roll the puts short body yet weather from 105 to 106 or 107. That means we will have to roll up the long wing as well before the close. We have not yet closed up the AAPL calls 109 butterfly body that we opened up at .47 earlier, we are watching the 109 very closely to do so but until we pull that trigger and renter the short butterfly body we are in a call and put strangle situation with more on the calls side than the puts side.

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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