Selling Swing: selling then shorting the 370 weekly calls a
Posted: Tue Aug 09, 2011 3:04 pm
Selling Swing: selling then shorting the 370 weekly calls at 4.00-3.50 taking a loss then shorting same contract amount . Also adding SPY 110 weekly puts at 1.90 area OVERSIZED and selling the SPY 120 weekly calls 1.20 area. Ok we fell like a rock markets failed and now that we see a bounce am using this as an opportunity to first take a loss on the very large AAPL 370 weekly calls position then shorting that position same contract amount. Plus am breaking the strangle on SPY by exiting the long calls and adding to the long puts. Am fully bearishly placed everything now exempt the BAC stock from yesterday that is a long term stake.
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 !!