Buying Long Term: LONG TERM STRATEGY into Jan 2014 on AAPL
Posted: Wed Sep 18, 2013 12:01 pm
Buying Long Term: LONG TERM STRATEGY into Jan 2014 on AAPL both a BUTTERFLY and a DEBIT inside the butterfly.
1) butterfly with 500 525 and 555 legs about 1.50 spread area OVERSIZED, 1600% max profit.
This way into the 525 and 530 resistance areas we have max profit. but on top of that we wish to add a
2) debit spread also for Jan 545 cDS thats 545 long 550 short at .60 spread area OVERSIZED, 833% max profit.
What that last play dose is protect us against continuation bullish move, and since we already have April 580s if we start moving to those levels then april would kick in strongly bullishly.
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 !!
1) butterfly with 500 525 and 555 legs about 1.50 spread area OVERSIZED, 1600% max profit.
This way into the 525 and 530 resistance areas we have max profit. but on top of that we wish to add a
2) debit spread also for Jan 545 cDS thats 545 long 550 short at .60 spread area OVERSIZED, 833% max profit.
What that last play dose is protect us against continuation bullish move, and since we already have April 580s if we start moving to those levels then april would kick in strongly bullishly.
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 !!