Buying Swing: buying long legs of AAPL 128 129 cDS call deb

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MMASSASSIN
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Buying Swing: buying long legs of AAPL 128 129 cDS call deb

Post by MMASSASSIN »

Buying Swing: buying long legs of AAPL 128 129 cDS call debit spread at .50 area with .24 spread in mind and a 2x oversized position. This means that a 12 cent drop or gain amounts to an oversized profit or loss. we will hold a mental stop at 2x oversized. This is the first position on AAPL for the week and I thought the WWDC was a great success and as usual she tends to fall after events. After AAPL stellar earnings beat she has seen several pul backs that have turned out to be big buying opportunities , lets see if we are not premature in trying to time the bottom here. If we gets stops out then will latter again keep looking for her swing bottom.

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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