buying AAPL 350 weekly calls at .52-.54 OVERSIZED initial entry

 

/b buying AAPL 350 weekly calls at .52-.54 OVERSIZED initial entry. Last week was a rough week and was short the AAPL 335 and 345 puts after AAPL went more bearish than I thought she could . Rather than taking strong losses on the short puts on a expiration for monthly options on a stock that I understand ad think the low stock level was excessive and should quickly see a recovery. Not everyone can allow a stock to be exercised the size of AAPL but thanx the IB portfolio margining the break even point on what amounts to be an enormous amount of stock is 338.50, wish to exit this today but will and ignore the sheer enormity of the position and play this as would any other stock position .

Posted in General Trading