Buying Swing: recap of from Friday strategy into today. in
Posted: Mon Sep 23, 2013 12:20 pm
Buying Swing: recap of from Friday strategy into today. in the playground we were expecting a blow out number of 7-8 million phones sold but this 9 mill number was even stronger than my forecasts. Remember many thought that 5 mill was not going to be meet by and that we would see closer to 4 mill in sales. That means this is 100% better sales than the miss many expected. So anyway we had yesterday a 485 cDS at .85 and a strait long 490 strait long at 1.75. Today at open
1 - during opening minute we shorted the 500 calls at 6.00-5.50 area same contract amount as 495 long creating 495 cDS
this is the same type of strategy we did friday where we take the high premium during the opening minute of the day to enter a short protective position, and since we already have 400% return on the 480 spread and a good 500% gain on the 495 strait long, this short protects a good amount. Next we did a play a little early .
2 - bought 505 calls to create 500 cO2B at 1.45-.35.
we did this a little early but the premium was cheap enough, as I send this out its down to 1.15. The idea here is to be positioned for incase we have a run into the close where we can create a butterfly if we wish to at 500, but since its less than oversized allocation we don't need to close the butterfly overnight.
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 - during opening minute we shorted the 500 calls at 6.00-5.50 area same contract amount as 495 long creating 495 cDS
this is the same type of strategy we did friday where we take the high premium during the opening minute of the day to enter a short protective position, and since we already have 400% return on the 480 spread and a good 500% gain on the 495 strait long, this short protects a good amount. Next we did a play a little early .
2 - bought 505 calls to create 500 cO2B at 1.45-.35.
we did this a little early but the premium was cheap enough, as I send this out its down to 1.15. The idea here is to be positioned for incase we have a run into the close where we can create a butterfly if we wish to at 500, but since its less than oversized allocation we don't need to close the butterfly overnight.
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 !!