Selling Swing: selling AAPL 330 june puts at 5.00 from 3.50
Posted: Wed Jun 15, 2011 3:05 pm
Selling Swing: selling AAPL 330 june puts at 5.00 from 3.50, and covering short on AAPL 330 calls at 1.04 area. These position were meant to serve as a hedge on the short on AAPL 335 puts short, now will not have any hedge to protect against another fall as we position with a bounce in mind. Now if strength dose materialize then next move would be to pick up 330 calls long very aggressively or the less risky 325 calls.