Page 1 of 1

.buying swing +AJLKY at .50 area AAPL Nov 230 calls HIGH RIS

Posted: Fri Oct 16, 2009 2:15 pm
by MMASSASSIN
.buying swing +AJLKY at .50 area AAPL Nov 230 calls HIGH RISK. I am looking for entries on these far out of the money calls on AAPL. After todays lowering of expectations and AAPL pull back I like the idea of positioning into november calls that are well out of the money so higher risk but a earnings beat would spike her dramatically and the volume should reemerge. The volume is light I dident want to pay more than .50 for entries in this one but will move with the L2 bid till she clears, higher if need be. I have not yet to clear any contracts looking for enterys. also covering the short on +GOPJZ at .05 it also should clear before the close for a nice profit on this 2X oversized short from .25 $-) 80% profit, not bad for a day trade $-) especially since it was such a huge stake.