Buying Swing: Turned AAPL 129 130 131 cB call butterfly int

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MMASSASSIN
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Buying Swing: Turned AAPL 129 130 131 cB call butterfly int

Post by MMASSASSIN »

Buying Swing: Turned AAPL 129 130 131 cB call butterfly into a
127 128 129 cOB call open body butterfly by
Covering 130 AAPL calls short body at .20 area and
Buying AAPL 127 calls at 1.10 area
We did not touch the 129 130 cDS from Friday .
This places us strongly bullish on AAPL but with the option of creating a 128 butterfly with some credit to reduce risk if we do not see a bounce here. We would like to enter into the full 128 body before the close best case at a higher premium making the position free and having a sideways action bet.

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 !!
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