Page 1 of 1

Selling Swing: shorting AAPL 310 June puts at .55 area OVERS

Posted: Fri Jun 10, 2011 3:41 pm
by MMASSASSIN
Selling Swing: shorting AAPL 310 June puts at .55 area OVERSIZED trough the AAPL 300 June Puts at .30 area 2X OVERSIZED the spread. Buying AAPL 335 June calls at .95-.99 2X OVERSIZED. Its been over a YEAR since AAPL hit the 200 DMA so see it as very unlikely that it pulls back to 310 by next week , this is why were right of the bat making this position 2x oversized position on both the short on puts and long on calls. These short on puts can now finance the long on 335 June calls that expire next week. If we have sideways action we lose nothing because of the short on puts, but if we bounce then there is great potential of these levels. And to recap the last few positions the 330 calls aI should of exited flat last time it gave the opportunity now have a 100% loss on a 2x position but atlas the short on 325 puts and thats twice the money allocation at 4x oversized the spread erases that loss and gives us 2x oversized profit. The single 1x oversized long on 325 calls may have to exit it flat soon