Buying Swing: covered short AAPL 340 weekly puts at 3.35-.45
Posted: Tue Jan 25, 2011 2:21 pm
Buying Swing: covered short AAPL 340 weekly puts at 3.35-.45 and will now ride the short on 340 weekly puts. 3.40 was mental stop mentioned in initial post. Moving into a straddle allowed us to profit from whatever direction AAPL chose to go with one sides premium loss making up for the others gain.