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Selling Swing: shorting 585 April puts at 4.60 area same c

Posted: Tue Apr 17, 2012 11:22 am
by MMASSASSIN
Selling Swing: shorting 585 April puts at 4.60 area same contract amount as the add on 570s yesterday this makes this position very large so I will exit half before the close since its to much risk to hold the full positions. also we added another oversized on the 605 April calls at 4.27 OVERSIZED. so we are very bullish now AAPL and focusing on putting the full short firepower at a high 585 strike allows the position to be around 10x oversized intraday but with the intent of making that short significantly smaller before the close 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 !!