shorting AAPL 320 weekly puts at 1.11-.06 area vertical trough AAPL 315 weekly puts at .50 area OVERSIZED the spread

 

/s shorting AAPL 320 weekly puts at 1.11-.06 area vertical trough AAPL 315 weekly puts at .50 area OVERSIZED the spread. As mentioned last week we allowed options to tern into stock and we shorted last week 310 weekly calls and today the depreciation has us profitable. This new short on puts is meant to work as a possible sideways hedge on a future long on calls. Again AAPL has not reached the 200 day moving average in over a year and see her as possibly the buying opportunity of the year and this is why we allowed the 325 calls from last week to tern into stock. The stock stake on AAPL is substantial but will allow it to ride for now .

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