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Selling Swing: shorting AAPL 325 weekly puts at .90-.69 vert

Posted: Tue May 24, 2011 11:25 am
by MMASSASSIN
Selling Swing: shorting AAPL 325 weekly puts at .90-.69 vertical trough AAPL 320 weekly puts at .30-.35 area OVERSIZED the spread. Am in on the short still looking for clears on the long side of the vertical. AAPL has seen declines after the china factory fires and am now betting on her having reached her bottom for the week as to work premium decay in my favor. Multiday buy signals on my formulas have not yet turned positive , we need more time but setting up nicely . if we clear multiday positives then would add a long weekly and monthly call play since the very important apple developer conference the WWDC is on June 6-9 th .