Selling Swing: shorting AAPL 325 May puts at .55 area OVERSI

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MMASSASSIN
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Selling Swing: shorting AAPL 325 May puts at .55 area OVERSI

Post by MMASSASSIN »

Selling Swing: shorting AAPL 325 May puts at .55 area OVERSIZED vertical trough AAPL 220 puts at .20 area. have not yet cleared on the long puts that hedge the short on puts but will make sure its hedged before the close. This vertical short oversized the spread is meant to hedge the earlier entry on long 345 may calls. On my formulas we have AAPL on the verge of multiday buy signals and after a fall as strong as the one we have seen a sharp bounce would be warranted. NFLX has also continued to bounce but on my formulas multiday is still negative , so for now will keep holding the 2 iron condors without any change to that strategy. This new bullish placement on AAPL can help hedge us against a strong market bounce.