Buying Swing: covering short on AAPL 375 weekly calls at 2.
Posted: Tue Aug 09, 2011 11:53 am
Buying Swing: covering short on AAPL 375 weekly calls at 2.90-3.00 Multiday buy signals have cleared on my formulas on AAPL , this is not yet true of the larger market. This removed the short leg of the butterfly leaving us with a very sizable 8x oversized long on the 370 calls swell as long on 385 calls. Again if the market was to bounce AAPL is here well placed to lead the bounce and this small loss on the short leg from 2.60 is more than offset by the great profits on the 370 long leg from 4.00 now 5.30.
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 !!