Entered into an apple swing trade yesterday near the end of the day with a 2 to 1 call/put ratio. Closed short leg today during consolidation after initial breakout, and holding long leg to capture the rest of the daily momentum.
Will look for another swing entry near the end of today.
Will look for another swing entry near the end of today.
Trade closed manually:
Comment:
The option strategy used for this trade is called a Strap and is a modified straddle where 2 ATM calls are offset by a single ATM put (couldn't remember the name of it earlier and had to look it up)
Definitely looking for an exit on the 162.5 calls now. Need to avoid end of day whale dumps