Buying Swing: we here are betting on AAPL volatility trough
Posted: Fri Jun 06, 2014 1:00 pm
Buying Swing: we here are betting on AAPL volatility trough a strangle type positioning into the close . We do this by
turning AAPL 650 655 660 cB into cOB by removing the 655 shorts at .20-.30, and we want to
buy 1x oversized AAPL 647.50 puts at .35-.40.
we still have not cleared on the 647.50 puts entry but either way if we pull back , we profit of current strong positioning on a butterfly with a body as low as 640 and top wing up here at 650.A continuation breakout today could leaf to a very strong run , but a pullback after such a strong move is also very much warranted so as long as we can leave 650 we should bring up our profits strongly.
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 !!
turning AAPL 650 655 660 cB into cOB by removing the 655 shorts at .20-.30, and we want to
buy 1x oversized AAPL 647.50 puts at .35-.40.
we still have not cleared on the 647.50 puts entry but either way if we pull back , we profit of current strong positioning on a butterfly with a body as low as 640 and top wing up here at 650.A continuation breakout today could leaf to a very strong run , but a pullback after such a strong move is also very much warranted so as long as we can leave 650 we should bring up our profits strongly.
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 !!