buying AAPL 335 weekly PUTS at 3.80-4.00 OVERSIZED This is a partial hedge on the short on AAPL 330 weekly

 

buying AAPL 335 weekly PUTS at 3.80-4.00 OVERSIZED This is a partial hedge on the short on AAPL 330 weekly puts and remember we have 3x oversized that short this is only 1x oversized on the 335 weekly puts long. The strategy would be best to lose on this long position due to a bounce on AAPL and if we get strength remerging do not mind terming this line to a straddle by going long the 335 calls . as I send this the 335 weekly puts are at 3.30, again I want to lose on this position because it would mean that my larger short money allocation is safer.

Posted in General Trading