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Buying Swing: buying AAPL july 9th weekly 260 calls at .63 a

Posted: Fri Jul 02, 2010 2:31 pm
by MMASSASSIN
Buying Swing: buying AAPL july 9th weekly 260 calls at .63 area OVERSIZED, after taking what was close a full loss on the 250 calls that today expire and breaking a little better than even on the 250 puts, am here moving towards next week and again playing the oversold intraday levels now with another week to go till expiration after 243 support was today reached.the intent is to hold the position overnight and to abide by a mental stop at .50. yesterdays mistake with the 250 calls was to ignore the mental stop something not worth doing when expirations are so close with these weekly contracts. see a significant intraday positive has here clear but it cleared yesterday swell only to latter breakdown and lead to todays fall. this will be the 3rd time she tries for a bounce at critical levels with the other 2 times ending in failure.