Selling Swing: selling AAPL 330 june puts at 5.00 from 3.50

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MMASSASSIN
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Selling Swing: selling AAPL 330 june puts at 5.00 from 3.50

Post by MMASSASSIN »

Selling Swing: selling AAPL 330 june puts at 5.00 from 3.50, and covering short on AAPL 330 calls at 1.04 area. These position were meant to serve as a hedge on the short on AAPL 335 puts short, now will not have any hedge to protect against another fall as we position with a bounce in mind. Now if strength dose materialize then next move would be to pick up 330 calls long very aggressively or the less risky 325 calls.
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