Buying Swing: covering AAPL 190 calls today expire at 1.90-.
Posted: Fri Oct 08, 2010 11:12 am
Buying Swing: covering AAPL 190 calls today expire at 1.90-.95 all of it holding the 2X OVERSIZED short on 190 puts from 2.27 yesterday now down to .24 so the straddle very profitable should yield us a good 70% of 2x oversized profit if these puts go to zero. again the value of straddles when direction shifts on you. am considering making a long straddle on the NFLX 150s by buying calls same strike if this build continues. More risk because we would have to leave the magnet point for it to work unlike a short straddle. I ment I covered calls holding short on puts made a mistake on the last post