Selling Swing: shorted 380 Oct puts at 1.52 area credit sp
Posted: Mon Oct 17, 2011 2:17 pm
Selling Swing: shorted 380 Oct puts at 1.52 area credit spread trough 370 Oct puts at .64 area. AAPL has its earnings tomorrow after the close, and with the iPhone 4s selling 4 million units in its opening weekend its hard to see how they can guide low as they usually do. With that said am trying to go far out of the money on a short on puts today for tomorrows earnings. But on my charts I do see we are here setting up for a AAPL retrasement under the pressures of this weak market day. If AAPL shows additional weakness then my next steep would be to buy same contract amount 395 Oct puts longs to create a intraday butterfly strategy. Something I would probably not hold overnight.
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 !!