Selling Swing: selling AAPL 335 weekly puts at 3.70-.45 all
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Selling Swing: selling AAPL 335 weekly puts at 3.70-.45 all
Selling Swing: selling AAPL 335 weekly puts at 3.70-.45 all and buying AAPL 335 weekly calls at 1.35-.55. The 335 puts position from 3.90 is a small loss but it did exactly what it was intended to do, to serve as a hedge against the 3x oversized short on 330 weekly puts that we have held all this time. Now the 330 puts are losing premium fast and should yield 100% profit since think AAPL will most likely not fall bellow the 330 line. Now we have a long on the 335 weekly calls if AAPL was to fall and move to lose 330 then we could short the 330 calls same contract amount as we have long the 335s and tern this into a straddle on that line. Am watching SPY closely and considering calls there if the market sets up further for a bounce.