Buying Swing: covering short on 125 weekly calls at .60 sa
Posted: Thu Dec 01, 2011 10:40 am
Buying Swing: covering short on 125 weekly calls at .60 same area as where we entered into the debit spread yesterday, this way it frees up the 121 and 126 weekly calls longs. Huge smiles on both 121 calls from .67. also AAPL 385 weekly calls are now in the money, as I send this out SPY has pulled back some so in hindsight it may not of been good to exit the debit spread but it did its job to lessen overnight risk.
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 !!