Traders Playground

Selling Swing: selling AAPL 335 weekly puts at 3.20 area then buying AAPL 335 weekly calls at 2.60-.80 area. AAPL on my formulas has a significant positive and think that there is a strong chance of a bounce into the close. so wish to take a bullish stake and remove the partial hedge on the 330 puts short that we still hold. The possibility of a sharp bounce as high as 340 into the close is possible if market improves of these strong intraday oversold levels. This brings about more exposure due to the 330 puts short with little hedge against fall but will watch her closely an if need be renter the 335 puts as hedge this time 2x oversized rather than 1x.