Buying Swing: The market is to strong so going bluish AAPL
Posted: Thu Jun 05, 2014 2:41 pm
Buying Swing: The market is to strong so going bluish AAPL again, that means I chased it by
buying AAPL 645 calls at 4.25-4.70same contract amount as the 650 old debit.
and shorted AAPL 647.50 puts at 4.05-3.70.
As I send this AAPL is lower and the clears look very ugly. Had to shift strategies and may of done so prematurely but feel that we gave AAPL enough time to retrace and it did not materialize. We are now back in a butterfly with 650 as a bullish kicker.
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 !!
buying AAPL 645 calls at 4.25-4.70same contract amount as the 650 old debit.
and shorted AAPL 647.50 puts at 4.05-3.70.
As I send this AAPL is lower and the clears look very ugly. Had to shift strategies and may of done so prematurely but feel that we gave AAPL enough time to retrace and it did not materialize. We are now back in a butterfly with 650 as a bullish kicker.
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 !!