Selling Swing: shorting AAPL 330 weekly puts at 1.40 area an
Posted: Wed Feb 23, 2011 10:34 am
Selling Swing: shorting AAPL 330 weekly puts at 1.40 area and going long AAPL 355 weekly calls. this brings up the stake to 3x oversized on both ends. Am down strongly on the long AAPL 355 calls that we entered into yesterday at 1.05 and .79, this position as greatly brings down the average. Now the short on AAPL 330 weekly puts from yesterday at 2.00 is helping as a hedge where it should move to zero and if we have sideways action we should break even due to short on puts, but if we see a strong bounce as we have in the past the bullish potential is very strong.