Buying Swing: locking in profits on short 625 july calls a
Posted: Mon Jul 16, 2012 9:55 am
Buying Swing: locking in profits on short 625 july calls at 1.15 - 1.25. AAPL had a nice gap cover and am using this opportunity to exit the short leg of the 620/625 debit spread leaving the 620 leg fully bullish and larger. Before the close will most likely renter the short on 625 july calls in the final few minutes of the day or if any weakness reemerges on . Also considering ruling up the credit spread on the puts to a higher strike.
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 !!