Selling Swing: Shorting AAPL 280 June calls at .42-.30 2X OV
Posted: Thu Jun 17, 2010 10:15 am
Selling Swing: Shorting AAPL 280 June calls at .42-.30 2X OVERSIZED [SELLING TO OPEN]. Today AAPl broke the 52 week highs and with 1 day away from expiration it gave a unique opportunity as premium came in on the AAPL 280 calls that are more than likely to expire worthless. Am using this opportunity to aggressively go bearish the calls that can quickly lose all premium.