Buying Swing: covering then going long AAPL 360 calls at 1.
Posted: Tue Jul 12, 2011 11:08 am
Buying Swing: covering then going long AAPL 360 calls at 1.09-.11 from 1.97 now long oversized. shorting AAPL 345 weekly puts at 1.25 vertical trough AAPL 340 weekly puts at .55-.60 area So in other words we locked in the profits on the short on AAPL 360 weekly calls from yesterday and then went long oversized and shorted the AAPL 345 weekly puts vertical truth 340 weekly puts. Turning a bearish position now fully bullish. Will continue holding for now the AAPL 370 weekly long on calls with intent of looking for an exit on those today.
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 !!
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 !!