/b creating Debit spread on $AAPL by going long $AAPL 600 calls and shorting 605 calls 1.30 the spread. This is a bullish position that I do not mind holding into the event . Also buying $AAPL 610 weekly calls at 5.75 area OVERSIZED with no short leg protection. so now have a 2x oversized stake on calls bullish on $AAPL into the earnings tomorrow. My thinking here is that just last week we had $AAPL above 620 so if after earnings if they are good we could easily see a move above last week highs and that would make this 610 position a 100% gainer with unlimited potential, plus 384% gainer on the debit spread. Plus if we do not run and instead have sideways or down action that dose not get us bellow 535 then we lose nothing since we still have the 535 puts credit spread and the 515 puts credit spread 2x oversized the spreads from entry.
creating Debit spread on $AAPL by going long $AAPL 600 calls and shorting 605 calls 1.30 the spread. This is a bullish position that I do not mind holding into the event . Also buying $AAPL 610 weekly calls at 5.75 area OVERSIZED
Posted in Options, Options Strategies
