Selling Swing: We double shorted the AAPL 110 calls at .87-
Posted: Tue Dec 16, 2014 10:10 am
Selling Swing: We double shorted the AAPL 110 calls at .87-.84 double the contract amount of the 109 calls we bought today at .55 at open. Also were buying the 111 calls to end up with a 109 110 111 cB call butterfly. Those with larger accounts entered the double short with intention of entering the long 111 later watching it closely since we were left intraday naked. This was all done same contract amount as the puts butterfly strategy from yesterday making every .20 cent move an oversized profit. as I send this out some of us have 4x oversized profit already on the double short, so moving to buy the 111 long leg at .30. Big smiles for rookie hour positioning where we have guaranteed profits already .
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 !!
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 !!