/s shorting $AAPL 370 weekly puts at 3.05 area OVERSIZED trough $AAPL 365 weekly puts at 1.50 area credit spread . I began with the short on puts with the intent of entering the long on puts latter when we can get a cheaper premium. Going naked intraday is not something I recommend for the new bees. Want to wait for the 165 puts to drop bellow 1.50 before getting the long leg in or enter higher if we lose 372.50. Also closely watching 385 weekly calls on AAPL for a possible long if we continue to see strength here then may have to chase an entry on those calls after AAPL today bounced right off the 200 moving average reached friday. Also considering some further out calls perhaps a month or a few months out going into the holiday quarter because historically for the last few years any time AAPL reaches the 200 day moving average , it tends to be a big buying opportunity. Then again keep in mind AAPL did miss earnings estimates last quarter for the first time in 6 years due to the late release of the latest iPhone .
shorting $AAPL 370 weekly puts at 3.05 area OVERSIZED trough $AAPL 365 weekly puts at 1.50 area credit spread
Posted in General Trading