Buying Swing: turned AAPL 630 635 640 cB into cOB by coveri
Posted: Fri May 30, 2014 1:28 pm
Buying Swing: turned AAPL 630 635 640 cB into cOB by covering the 635 calls at 1.50 area , then went long at .60-.71 same contract amount as the 630 long. So in other words we opened up the body to soon and we wish to latter move the body down to 632.50 but to do so with less risk we need to have the 635 leg long now, if not the credit exposure would be to great.
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 !!