Buying Swing: covering AAPL 355 weekly puts from 2.50 here a
Posted: Fri Feb 11, 2011 11:36 am
Buying Swing: covering AAPL 355 weekly puts from 2.50 here at .55-.60 GREAT PROFITS and then going long OVERSIZED. his leaves us with a 2x oversized bullish 355 calls and 1x oversized long puts on today expire. So am bullish but since we locked in profits on the puts shorts then went long we now have greatly reduced the risk. ofcorse this is a bet on some volatility showing itself if we flatline on the 355 line then would lose on both ends.