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Selling Swing: shorting AAPL 325 june calls at 2.90 area 4x

Posted: Wed Jun 15, 2011 4:00 pm
by MMASSASSIN
Selling Swing: shorting AAPL 325 june calls at 2.90 area 4x oversized vertical trough 330 june call at .90 but twice the contract amount of the short and covered short AAPL 320 june puts at 1.00 area also covered AAPL 310 june puts at .25 cent area. Then sold the long on AAPL 315 june puts at 45 cent area and moved that contract amount up to the 320 june puts at .95 area. OK THIS IS CONFUSING so let me explain, we had shorts on AAPL 325 320 and 310 puts so we exited 2 of those strikes shorts locking in some profits but did so to leave the 320 puts level open so we went long the same contract amount that we had on the long 315 calls simply to make the position on the long on puts larger than the short on puts. Also we shorted the calls on AAPL 325s very aggressively 4x oversized but we also made this one an of balanced vertical by going long the 330s twice the contract amount of the short on 325s