Selling Swing: shorting AAPL 280 puts weeklies at 3.30 area
Posted: Mon Oct 04, 2010 3:30 pm
Selling Swing: shorting AAPL 280 puts weeklies at 3.30 area OVERSIZED, this ie meant to serve as a premium hedge overnight if we get sideways action on the puts longs that are far out of the money, am very bearish the markets and AAPL I believe may be here beginning a multiweek short term downtrend . This is why might hold the well out of the money puts overnight even though premium can dissipate rapidly.