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Selling Swing: shorting AAPL 400 weekly calls at 1.80-1.65

Posted: Tue Aug 02, 2011 2:18 pm
by MMASSASSIN
Selling Swing: shorting AAPL 400 weekly calls at 1.80-1.65 same contract amount as the long on AAPL 410 weekly calls . And to do this we also covered AAPL 415 weekly calls at .08-.10 area. Also we reentered the 127 weekly SPY puts at 1.56-1.63 area . With SPY we still have the long leg at 124 weekly puts and am watching them closely for wish to exit them before the close before overnight theta depreciates them.

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 !!