Selling Long Term: shorted AAPL 550 calls at 6.20-5.20 to c
Posted: Thu Jan 16, 2014 11:40 am
Selling Long Term: shorted AAPL 550 calls at 6.20-5.20 to create 550 cB we had half the body getting the rest now to close this butterfly up till we get clarity. Earlier today we bought the 555 calls at 3.00 area. this more or less zips up the long term play on that expires this week, and to say we gave up an enormous amount of profits on our 545 calls is the hight of an understatement. We had opportunities to but this play on ice at 572 even though we did make it free with calls shorts against it into earnings that made this long ago a guaranteed profit play. But we gave up a good 70X oversized profits, yea at one point we had more than 7 thousand % gain on this strategy calls . For this week we still have 160 calls if the rally was to continue
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 !!
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 !!