Buying Swing: buying AAPL 310 Oct calls at .32-.35 OVERSIZED
Posted: Tue Oct 12, 2010 11:17 am
Buying Swing: buying AAPL 310 Oct calls at .32-.35 OVERSIZED to turn AAPL options into a long strangle by buying AAPL 310 oct calls this week expire, already had and am losing premium fast on the 290 puts. Soon a direction will be chosen were at a critical point so am here making this strangle with the intent of taking a loss in one end with the other once a direction is chosen or accumulating to make one side twice the size of the other , and as one option in volatility loses premium the other shuld compensated. We should get clarity within the next 40 min or so. Im neither bullish or bearish but am betting on volatility.