Selling Swing: SELLING then SHORTING 2X OVERSIZED AAPL 240 A
Posted: Wed Mar 31, 2010 10:15 am
Selling Swing: SELLING then SHORTING 2X OVERSIZED AAPL 240 April calls at 3.45-.40 from 1.50 130% pure Profit . After locking in profits then here moving to short the calls [SELIGN TO OPEN] to now move into a options depreciation stance. There is very bearish data today and AAPl is showing signs of slowing, so even if she dose not retrace we should be able to profit from a more bearish phycology by working the options depreciation angle. Mental stop on this 2X OVERSIZED new short is if the stock again tests the day highs.