Buying Swing: AGGRESSIVE STRATEGY covering the short on 46
Posted: Thu Feb 07, 2013 2:45 pm
Buying Swing: AGGRESSIVE STRATEGY
covering the short on 460 puts at 4.65 area that we added today at 5.10. only OVERSIZED profit, we could of locked in a lot more earlier. Now we have a 460 pO2B and a 550 pO2B with an additional 455 kicker. On my formulas multi day direction has not yet turned negative but is on the verge of doing so. This could lead to a sharp fall on AAPL of these critical levels and why were now moving into a more aggressive bearish stance. There is a lot of risk here so if bounces and the 460 puts fall to 3.00, we would have to renter the short. Im considering here buying 460 calls same contract amount as 455 calls short as a hedge on our butterfly that remains with a further out wing.
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 !!
covering the short on 460 puts at 4.65 area that we added today at 5.10. only OVERSIZED profit, we could of locked in a lot more earlier. Now we have a 460 pO2B and a 550 pO2B with an additional 455 kicker. On my formulas multi day direction has not yet turned negative but is on the verge of doing so. This could lead to a sharp fall on AAPL of these critical levels and why were now moving into a more aggressive bearish stance. There is a lot of risk here so if bounces and the 460 puts fall to 3.00, we would have to renter the short. Im considering here buying 460 calls same contract amount as 455 calls short as a hedge on our butterfly that remains with a further out wing.
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 !!