short AAPL 340 weekly calls at 3.30-3.10 2X OVERSIZED AAPL was weaker than expected putting the short on puts at risk so am here entering a short on calls to move us into a straddle on the 340 line.

 

/s short AAPL 340 weekly calls at 3.30-3.10 2X OVERSIZED AAPL was weaker than expected putting the short on puts at risk so am here entering a short on calls to move us into a straddle on the 340 line. I hate having to do this since believe that this may be nothing more than a short trap on AAPL but if 340 becomes the magnet into tomorrows expiration this position would help the overall strategy. if AAPl dose move bullishly as she should then will take the loss on this position as 350 would be the next magnet but have to be on the safe side. As usual for most its easiest to when shorting options go long far out on the same option contract amount to make the strategy vertical and help with money management.

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