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Home › Forums › Swing Trades › PB2MA in AAPL
AAPL bottomed in February and momentum has shifted from down to up.
The past two weeks have been a “wash” in the stock with nothing but sideways action, and if the support level at 105 is lost then we should see a run to the gap fill at 102.30, along with the rising 20 day moving average.
Into that level I want to start selling put spreads.
Here’s the trade:
Sell to Open AAPL May 95/90 bull put spread @0.80
ADD at 1.20
ADD at 1.70
You can either float these orders out now, or you can wait for an actual retest of the 102.50 level. I am using .80 because that is the price my model assumes we will hit.
Hey Steve!
This AAPL 95/90 bull put is running around .43 right now
The 97.5/92.5 around like .62
The 100/95 is going for .91
Did u already get into the 95/90 for .80 or higher or did u float the order out, expecting it to fill soon?
I understand what u mean about floating the other two orders out, the orders to add and then scaling out when things start moving your way but I was wondering if the initial trade was put in at .80?
If it was and I missed it – I was considering one of the other two spreads listed above, probably the 100/95 not like u have to worry much about liquidity with AAPL but I know the OI is higher with nice round numbers like that.
Did I put this question in the right place? or should I copy and paste it else where?
@Dina
This was an “anticpatory” trade, meaning that there was no way to get filled unless AAPL pulled back even further.
Since no pullback, then no fill. I’m attempting to be a bit more proactive with my trade alerts.