buying AAPL 350 weekly calls at .95 area and shorting AAPL 330 weekly puts at 1.12 area vertical with 320s at .32 area all OVERSIZED

 

/b buying AAPL 350 weekly calls at .95 area and shorting AAPL 330 weekly puts at 1.12 area vertical with 320s at .32 area all OVERSIZED. So one long position on AAPL 350 weekly calls oversized as am trying to time a bounce on AAPL of intraday oversold levels, and a separate short on 330 puts vertical so equal share amount on the 320 long as protection. Am making it a 2 strikes away to give greater flexibility in the unlikely event of a pull back bellow 330 where we still are free to short the 225s next and as always the oversized is calculated as the spread. This gives us a hedge against sideways action.

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