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Buying Swing: into the earnings we already have bullish pos

Posted: Tue Jul 22, 2014 12:22 pm
by MMASSASSIN
Buying Swing: into the earnings we already have bullish positions on AAPL so now were going to enter some bearish hedges. We have support at 88.73 so we wish to have a butterfly there plus a kicker bellow for incase we continue lower.

into Es weekly bearish protection
91 88 84 pB for .35
87 86 pDS for .07

we will enter these before the close, we already have bullish positioning from last week ill post it again.

AAPL calendar cB where the long legs are this week and the short leg is next week.
99 105 110 CcB
so the 99 and 110 legs are this week calls and the short leg is 1 week from now calls

AAPL next week
101 this week call position 2x oversized

all the AAPL call positions we already entered into on friday, today we focus on the puts before todays Es come out.

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 !!