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Selling Swing: sold then shorted AAPL 330 weekly calls at 1

Posted: Fri Jun 24, 2011 10:18 am
by MMASSASSIN
Selling Swing: sold then shorted AAPL 330 weekly calls at 1.30 rolling up the long side to AAPL 335 weekly calls at .11 area same contract amounts as we were long on a swing from .45 initially yesterday. so we locked in overall profits and then made this a very aggressive short stake that is roughly 6x OVERSIZED short Also dubbed the long position on the AAPL 335 weekly calls at .25 area as to make the short on 330 weekly puts an of balanced vertical

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 !!