Buying Swing: buying AAPL 97 puts at .97 5X Oversized with
Posted: Tue Jan 19, 2016 9:43 am
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 !!
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 !!