.buying swing +QAARB at .36-.38 area OVERSIZED AAPL 110 June
Posted: Thu May 28, 2009 12:49 pm
.buying swing +QAARB at .36-.38 area OVERSIZED AAPL 110 June puts. these are the same puts I exited at 1.16 last week. so far this week has not been friendly for me in options, but with calls in BAC and now a new bullish stake in BAC the DRYS hedge is working against me as it ticks higher. I am using AAPL as a negative hedge on financials calls starting with a oversized AAPL PUTS stake but if the markets lose the day lows I am prepared to accumulate another oversized stake in this negative bet on AAPL. my mental stop is .30 .