Buying Swing: AAPL next week earnings bullish strategy 121

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MMASSASSIN
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Buying Swing: AAPL next week earnings bullish strategy 121

Post by MMASSASSIN »

Buying Swing: AAPL next week earnings bullish strategy
121 125 129 cB call butterfly
125 130 135 cB 3X Oversized
131 calls strait long 2X Oversized
As mentioned earlier we feel very bullish AAPL into her earnings and were doing great on the 125 calls we entered into at .20s now passing 1.50 . But on top of this for next week we will put additional very bullish positions at play.
Earlier we bought 121 calls 10x oversized as a continuation intraday run hedge, now we will reduce exposure by turning it into a long leg of a larger 121 125 129 cB call butterfly. We will have intersecting legs with the 3x oversized 130 cB so do the math to know how much to end up with on 125 calls. We will wait before protecting the still exposed 125 November stake but we wish to protect that position atlas partly come Tuesday before the earnings. the 131 leg is that unlikely kicker for incase we have a huge bullish rally.

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 !!