covering short AAPL 325 puts and holding the long on 330s

 

/b covering short AAPL 325 puts and holding the long on 330s. Overnight we had 2 of balanced positions set up for incase we had a strong move in other direction and to protect against possible fall, but now do not see a fall AAPL as likely and have removed the bearish hedges while holding the bullish positioning. and finally we we see premium go down on 325 puts that we held short trough this whole mess. Remember we have twice the contract among on the 330 calls long as we had on the 325 calls short so we 

Posted in General Trading