Selling Swing: shorting AAPL 345 weekly calls at 1.65 OVERSI
Posted: Wed Jan 26, 2011 9:46 am
Selling Swing: shorting AAPL 345 weekly calls at 1.65 OVERSIZED using the open and the AAPL gap up to position in this week expiring short 145s that should quickly lose premium. Still hold the 340 calls short naked and using this to offset the position. If AAPL strength continues then watching the 345 in the money weekly puts as a possible short hedge.