Selling Swing: selling all AAPL 260 calls at .64-.58 113% pr
Posted: Wed Jul 07, 2010 12:01 pm
Selling Swing: selling all AAPL 260 calls at .64-.58 113% profit from lowest entry, turing what was a losing trade into a nicely profitable play. Sold the full 4x oversized position now even though there are no significant intraday negatives, but with weekly options I have chosen to be more limber faster to sell and faster to renter now that only a small intraday negative has cleared. The strategy here was to erase losses and create some profits as it has, but will not hesitate to renter at a higher price point if this strength continues. Also will be watching puts opportunities if a significant intraday negative clears.