Selling Swing: adding short AAPL 330 April puts at 1.08 area
Posted: Wed Apr 13, 2011 10:44 am
Selling Swing: adding short AAPL 330 April puts at 1.08 area OVERSIZED vertical trough long AAPL 320 April puts at .16 area and as always oversized is the spread between the 2 options prices. Now have a sideways action hedge on the long on AAPL 340 April calls from yesterday , but if AAPL moves strongly higher then we add an additional 2x oversized to our final profit line.