Buying Swing: buying AAPL 97 puts at .97 5X Oversized with

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MMASSASSIN
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Buying Swing: buying AAPL 97 puts at .97 5X Oversized with

Post by MMASSASSIN »

Buying Swing: buying AAPL 97 puts at .97 5X Oversized with a 2X Oversized mental stop. AAPL loves gap covers so if we were to get one then we would short 98 puts and create a free credit spread . We would like to short the 98 puts at 1.77 or better. If we do not get a gap cover then we can always reduce exposure by butterflying at 96 with a double short there and a long 95.

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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