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Buying Swing: covering short on the AAPL 240 puts weeklies a

Posted: Wed Aug 25, 2010 9:50 am
by MMASSASSIN
Buying Swing: covering short on the AAPL 240 puts weeklies at 2.84-3.00 on the short from 3.35 and will hold the 250 weekly calls short. Todays negative data brought these puts in the money so I wish to exit them fast but with the bounce were still profiting from the puts short not to mention the fast depreciation from the 250 calls short that should lose premium fast today. We shorted the 250 calls at .46 they are now .25 so making money on both ends . if strength reemerges and these calls get out of the money then would not mind reentering the 250 puts short.