Selling Swing: shorting AAPL 330 weekly puts at 2.00-1.57 mo

[MMASSASSIN]

Selling Swing: shorting AAPL 330 weekly puts at 2.00-1.57 most of it at 2.00 area 2X OVERSIZED. The puts have gained premium strongly due to the sharp pull back and believe that 330 would be unlikely level to be reached this week on AAPL as long as Steve jobs did not die. If the bounce of intraday support is not strong enough to bring back premium on the far out of the money 355 calls then on sideways action this should hedge premium decay on the calls long but ofcorse bringing up the risk in case of a fall, And if it ties up to much capital thats something that can be offset with buying same contract amount on far off puts as hedge on hedge.