If you think AAPL is going to resume rallying into $180 in short order, you can do a reverse calendar. The back month and front month/ week depends on your assessment of how quick Apple recovers. For example, say you think AAPL can recover to $180 by end Feb, the reverse calendar could be:
Long 3 Mar 2 calls $160
Short LEAPS 2019 calls $160
Close the reverse calendar once AAPL is around $!80
$4500 per calendar for zero capital outlay !!!
The number of configuration with options is nearly infinite depends on your creative juices Ranging from very conservative to very aggressive, from simple to extremely complex… can configure option position to profit from any scenario First, you have to get your scenario right.