Buying Swing: AGRESSIVE STRATEGY buying 565 calls at .93-1
Posted: Wed Jan 02, 2013 11:41 am
Buying Swing: AGRESSIVE STRATEGY
buying 565 calls at .93-1.04 same contract amount as long legs in the 550 cB . We want this to be part of a future 560 butterfly. Now we are not bullish intraday but instead have this as a cheap hedge for incase AAPL takes off again it docent leave us behind. What we really want it a pull back on to 543 this would allow us to open up the 550 butterfly body because from 543 we want to turn strongly bullish aapl.
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 !!
buying 565 calls at .93-1.04 same contract amount as long legs in the 550 cB . We want this to be part of a future 560 butterfly. Now we are not bullish intraday but instead have this as a cheap hedge for incase AAPL takes off again it docent leave us behind. What we really want it a pull back on to 543 this would allow us to open up the 550 butterfly body because from 543 we want to turn strongly bullish aapl.
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 !!