Page 1 of 1

Buying Swing: covering short on AAPL 325 june calls at 1.05

Posted: Fri Jun 17, 2011 10:14 am
by MMASSASSIN
Buying Swing: covering short on AAPL 325 june calls at 1.05 from 2.00 this was a very large position that was meant to erase the losses on the old long on 330 calls. Am considering going long these calls next, not yet pulled trigger on that. Also have now the 320 puts on watch as a short , we may lock in the profits on the short on 315 and move that same contract amount up to a short on 320s that way we still have the long leg open.

This trade is one part of a larger strategy so please look back at Previous posts to see the whole picture. AND IF YOU ARE NEW, PAPER TRADE FOR AT LEAST A FEW MONTHS because this is ADVANCED OPTIONS TRADING !!