Buying Swing: buying AAPL 385 weekly calls at 1.20 area 2X
Posted: Mon Aug 08, 2011 11:27 am
Buying Swing: buying AAPL 385 weekly calls at 1.20 area 2X Oversized and bought SLV 40 weekly calls at .45 area also 2x oversized. First entered the SLV bullish bet simply since GOLD has broken above its trend lines plus with this S&P downgrade don't want to fight the market. With that said even though am bearish after all technical levels were lost if we were to have a bullish market hedge I would like it to be on AAPL . So am doing same money allocation here long on some very far out of the money AAPL calls with mental stop at 1.00. The AAPL position is meant to be a day trade or a few day play only if the market bounces, it is not at this point meant to be held into friday.
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 !!