Buying Swing: AGGRESSIVE and SIMPLE STRATEGY adding 475 -
Posted: Tue Apr 23, 2013 3:28 pm
Buying Swing: AGGRESSIVE and SIMPLE STRATEGY
adding 475 --cB- at .44 area OVERSIZED. the 2 dashes before cB means that the closer in leg 2 strikes further out and the 1 dash after the cB means that the farther away leg is 1 additional strike out. so 460 long 475 short 485 long .
now I know this is a crazy high butterfly and the likely hood of us coming back to the gap area seams very unlikely but max profits on this butterfly is about 3400% yea 32X oversized profits. Plus we have already made the puts play into earnings free and now the calls debit 425 seams like it will be free when we get the short leg back in, the whole strategy into earnings may cost us nothing or close to it, therefore am adding to this butterfly here on .
Also in the past when we get a report of an apple product slowing 20% like we did with the iPad and lead to the last big drop, it has always been wrong. The expectations into into earnings are so low. I expect them to beat on mac sales and I do not think we will see 20% less iPad sales. Had to attempt bullish bets into this Es.
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 !!
adding 475 --cB- at .44 area OVERSIZED. the 2 dashes before cB means that the closer in leg 2 strikes further out and the 1 dash after the cB means that the farther away leg is 1 additional strike out. so 460 long 475 short 485 long .
now I know this is a crazy high butterfly and the likely hood of us coming back to the gap area seams very unlikely but max profits on this butterfly is about 3400% yea 32X oversized profits. Plus we have already made the puts play into earnings free and now the calls debit 425 seams like it will be free when we get the short leg back in, the whole strategy into earnings may cost us nothing or close to it, therefore am adding to this butterfly here on .
Also in the past when we get a report of an apple product slowing 20% like we did with the iPad and lead to the last big drop, it has always been wrong. The expectations into into earnings are so low. I expect them to beat on mac sales and I do not think we will see 20% less iPad sales. Had to attempt bullish bets into this Es.
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 !!