Buying Swing: AGGRESSIVE STRATEGY covering then going long
Posted: Fri Feb 08, 2013 11:08 am
Buying Swing: AGGRESSIVE STRATEGY
covering then going long 470 puts at .35 area from 5.30. now that we locked in profits were going long 1x oversized. high risk play trying to time a top, but if AAPL continues higher then would look to short the 545 calls and use this as the long leg, though the short would be 1/2 the contract amount most likely.
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 then going long 470 puts at .35 area from 5.30. now that we locked in profits were going long 1x oversized. high risk play trying to time a top, but if AAPL continues higher then would look to short the 545 calls and use this as the long leg, though the short would be 1/2 the contract amount most likely.
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 !!