Buying Swing: buying AAPL April calls at .64-.71 2X OVERSIZE
Posted: Thu Apr 07, 2011 10:03 am
Buying Swing: buying AAPL April calls at .64-.71 2X OVERSIZED. I very rarely make a position twice my usual entry right of the bat but since we are 2 weeks away from Es and these expire before Es they have low premium. Am very bullish and believe that before earnings we should get a strong push up on AAPL with a target of 360 next week. It sounds perhaps overly aggressive but the stock has been held back since its last Es and should see significant momentum build before her Es. The premium in the may calls is to high here so am choosing to focus on the run into anticipation to begin with.