Buying Swing: buying AAPL 370 weekly calls at 4.00-4.20 sam
Posted: Tue Aug 09, 2011 10:25 am
Buying Swing: buying AAPL 370 weekly calls at 4.00-4.20 same contract amount as the short on 375 weekly calls. We also hold the same contract amount long on 385 weekly calls so this brings us into a bit of a butterfly. The long 370 leg is a very large position but we are hedged with the 375 weekly short leg that is now back to our entry area, this buys us time for on my formulas we are on the verge of multiday buy signals that have not yet cleared. If the formula clears then next step would be to exit the 375 short. If this build fails and we do not have multiday buy signals clear then we can simply remove this long on 370 calls weeklies and then go back into the previous short credit spread 375 / 385 calls.
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 !!