/b going bullish $AAPL and bearish $AMZN for next week with $AAPL 570 weekly calls trough $AAPL 580 weekly calls at .44 debit spread and $AMZN next week puts 205 trough 195 debits spread at .95 area, both oversized there spreads. We wish to focus on a bullish strategy for next week on $AAPL and since the markets are weak were getting good premium picture for next week calls. This week went bearish $AMZN but that did not work but still believe that is one that if the market continue lower $AMZN has a nice big gap to cover so going bearish AMZN here, at the same time as we go bullish $AAPL that has already had its fall and is best placed to bounce back. I see best pull back prospects for $AMZN and best run prospects for $AAPL here so one play helps hedge out the other, and come monday we could easily move a leg on other one of these once the market shows some clarity and tern one position into a credit spread. Or just let one go to zero if the risk docent make it worth while to create a credit spread.
going bullish $AAPL and bearish $AMZN for next week with $AAPL 570 weekly calls trough $AAPL 580 weekly calls at .44 debit spread and $AMZN next week puts 205 trough 195 debits spread at .95 area, both oversized there spreads
/b going bullish $AAPL and bearish $AMZN for next week with $AAPL 570 weekly calls trough $AAPL 580 weekly calls at .44 debit spread and $AMZN next week puts 205 trough 195 debits spread at .95 area, both oversized there spreads. We wish to focus on a bullish strategy for next week on $AAPL and since the markets are weak were getting good premium picture for next week calls. This week went bearish $AMZN but that did not work but still believe that is one that if the market continue lower $AMZN has a nice big gap to cover so going bearish AMZN here, at the same time as we go bullish $AAPL that has already had its fall and is best placed to bounce back. I see best pull back prospects for $AMZN and best run prospects for $AAPL here so one play helps hedge out the other, and come monday we could easily move a leg on other one of these once the market shows some clarity and tern one position into a credit spread. Or just let one go to zero if the risk docent make it worth while to create a credit spread.