Buying Swing: buying AAPL 114 puts at .33-.43 area same con

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MMASSASSIN
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Buying Swing: buying AAPL 114 puts at .33-.43 area same con

Post by MMASSASSIN »

Buying Swing: buying AAPL 114 puts at .33-.43 area same contract amount as the 116 calls making this a huge aggressive bearish position and a hedge to our calls. To recap we entered last week AAPL 105 calls at .50 area then we bought 116 calls and double shorted 111 calls creating a cB call butterfly. We also added a 112 114 116 cB that has max profit right here at the 114 line. Now we want to hedge everything , but doing so with a mental stop of .25 .

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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