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Buying Swing: buying AAPL 116 calls at .35-.40 same contrac

Posted: Mon Dec 08, 2014 9:36 am
by MMASSASSIN
Buying Swing: buying AAPL 116 calls at .35-.40 same contract amount as the 118 calls with intention of moving the butterfly body demo from 119 to 117 before the close. The pull back we wanted to see last week happened today on AAPL , so were using this pullback at open as a bullish op as we so far go below the 113.70 78.6% fib extension. We wish to see if this becomes but a wick.

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 !!