Buying Swing: adding AAPL 260 weekly puts at 1.30 area OVERS
Posted: Thu Jul 08, 2010 9:37 am
Buying Swing: adding AAPL 260 weekly puts at 1.30 area OVERSIZED . It was a mistake to let go of the 260 calls they would of been up 1 thousand 3 hundred percent if we would f held witch I did not. We tend to get thousand % gainers once in a blue moon and with my strategy shift we missed this one. The target for the run on AAPL yesterday was 256 and she clearly passed it with todays open at 262.99. I am down greatly on the 260 weekly puts positions from initially 5.50 then add at 3.30 and one last add right now at 1.30 each add lower but same money allocation making the calls amounts much greater down here for I see the run as now intraday exaggerated and will use this last add as an attempt to erase the prior losses. have a 3x oversized options position in the 260 weekly puts now.