Selling Swing: SHORTING the 570 April calls TODAY EXPIERY at
Posted: Fri Apr 16, 2010 9:56 am
Selling Swing: SHORTING the 570 April calls TODAY EXPIERY at 1.00-.80 area. If U look at all the after market and pre market trading after the GOOG es the 570 area has served as resistance so here on the day of expiery am now doing what is obviously high risk on the belief that 570 will remain its resistance. The strategy is if she passes 570 sell and the loss would be possibly by then 100% and then move into a long position for if she passes 570 then she should bounce all the way back to 585 all intraday today on the day of expiery. The best case sinerio is that she dose not pass 570 and that these calls expire today worthless. AGAIN HIGH HIGH RISK!!