Selling Swing: selling swing 2/3 of AAPL 270 calls at 1.25 a

Here is where we post regarding stock picks on our swing trading ideas, from multi-day to multi-week both stock and option calls and puts, on the Nasdaq or NYSE.
User avatar
MMASSASSIN
Trading for living
Posts: 5599
Joined: Thu Jan 29, 2009 1:30 am
Contact:

Selling Swing: selling swing 2/3 of AAPL 270 calls at 1.25 a

Post by MMASSASSIN »

Selling Swing: selling swing 2/3 of AAPL 270 calls at 1.25 area and covering 1/2 of AAPL 240 puts short at 2.28 area from 4.90 entry. Lockign in profits on the day trade and will hold a signal oversized position into tonight earnings on both calls and puts. Am now switching my strategy with the 240 puts hold but with the stock already yielding well over 50% gain the risk after selling half is less and I find it unlikely that AAPL will disappoint tonight.