Selling Swing: shorting AAPL 345 weekly puts at .70 area ver
Posted: Wed Jun 01, 2011 10:26 am
Selling Swing: shorting AAPL 345 weekly puts at .70 area vertical trough 335 weekly puts at .18 area and buying long AAPL 355 weekly calls at 1.25 area both oversized. as I send this the 355 calls have lost premium and are at .85. Yesterday we added to the 340 weekly puts short that we initially shorted at 1.14 around .87 again trough the 335s to make the short position 2x oversized. So now have a total of 3x oversized short positions short on puts with both 340s and 345s plus 2x oversized long calls stakes with the 350s and the 355s on the weekly strategies.