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Selling Swing: selling AAPL 345 at 1.11-.03 from 1.20 takin

Posted: Tue Jul 12, 2011 9:45 am
by MMASSASSIN
Selling Swing: selling AAPL 345 at 1.11-.03 from 1.20 taking a small loss on the long puts position but will hold the short on AAPL 360 weekly calls longer. There was a spike at open on AAPL so wish to remove the risk but would not hesitate to renter if needed. That may be nothing but a short shake long trap but wish to be cautious and still we have a bearish biest.

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 !!