Buying Swing: adding 385 weekly calls at .90 also rolled u
Posted: Tue Nov 29, 2011 10:32 am
Buying Swing: adding 385 weekly calls at .90 also rolled up the short on 370 weekly puts to 375 weekly puts 3.65-3.40 now vertical trough those 370s. Also added SPY 121 weekly puts at .90 plus we exited the short on 123 weekly calls at .45 better than flat . OK thats 3 trades after we received the very positive consumer confidence data. We covered the hedge on SPY 123 calls so that SPY 121 long calls has no hedge then added to that position. On AAPL we simply locked in profits on the 370 weekly puts short from 3.00 at 1.50 area then shorted the 375s 2x oversized trough the 370 as credit spread. Also now that we have 2x on a short on puts on AAPL we added to the long on 385 calls at .90 making that position 2x oversized. so now am fully bullishly positioned with no bearish hedges against the bullish positions.
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 !!