Selling Swing: shorting AAPL 340 April calls at 1.35-1.20 sa
Posted: Mon Apr 11, 2011 10:21 am
Selling Swing: shorting AAPL 340 April calls at 1.35-1.20 same contract amount as the 3 long 355, 350 and 345 calls positions making this a vertical . AAPL on my formulas went multiday negative today , something I did not expect to see especially after we averted a government shut down and AAPL is 2 weeks away from her Es. This since we shorted the 340 weekly calls at higher strikes than the longs on calls last week makes the AAPL 340 short more than 3x OVERSIZED so if she dose not recover this week we will profit vs just hedging out the longs.