Buying Swing: buying AAPL 260 calls next week weeklies at .9
Posted: Fri Aug 27, 2010 3:27 pm
Buying Swing: buying AAPL 260 calls next week weeklies at .95 area while shorting AAPL 230 puts at .80 both OVERSIZED. the strategy is to take a bullish stance into the Sept 1 apple event where I am bullish but if we get sideways action and options depreciation on the 260 long then we should benefit from the hedge on 220 puts short also next week weekly losing premium. The main risk would be of a sharp stock decline that I find unlikely before the event.