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Buying Swing: buying long leg of AAPL 96.43 97.14 cDS call

Posted: Tue Jul 15, 2014 2:09 pm
by MMASSASSIN
Buying Swing: buying long leg of AAPL 96.43 97.14 cDS call debit spread at .45 area with .17 spread in mind. now that SPY has bounces and it looks like we may close with a daily wick only bellow 197.25 area, a huge shakeout candle. We wish to again attempt and intraday bullish bet on AAPL for incase we see some end of day strength but if we do not see a strong move up then am willing to leave the position exposed overnight, as long as SPY closes above 177.25 area.

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 !!