Selling Swing: selling swing 2/3 of AAPL 270 calls at 1.25 a
Posted: Tue Jul 20, 2010 3:51 pm
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.