Buying Swing: adding AAPL 340 weekly calls at .30-.32 OVERSI
Posted: Wed May 25, 2011 10:04 am
Buying Swing: adding AAPL 340 weekly calls at .30-.32 OVERSIZED and shorting AAPL 330 puts weeklies at .90 area vertical through AAPL 320 puts at .15 area. on the long 340s this brings up the holding to a 2X OVERSIZED stake since yesterday we made initial entry at .43 area . The reason we are shorting the 330 puts here and going long the 320s is because yesterday we shorted the 325s trough the 320s so we want to keep the 325 puts strike short. Were up nicely on that AAPL 325 puts short from .90 now its .30 they worked worked well to offset premium declines on call longs overnight. Am not ready to add to the 355 monthly june calls yet want to see more follow trough before we add to that position also started yesterday. knock on wood am now already very aggressively positioned bullishly on AAPL.