buying $AAPL 515 weekly puts at 2.40-.50 2x oversized

/b buying $AAPL 515 weekly puts at 2.40-.50 2x oversized with the intention of later shorting $AAPL 520 weekly puts before Wednesday event or if we see strength today.  The reason why the position is larger than usual is because if I have to tern this into a credit spread the spread is smaller so to make it oversized on the spread the long leg has to be larger. Earlier today we shorted shorted before this fall the $AAPL 570 weekly calls trough the 575 calls at a .82 cent spread. I think that the event is now baked into the cake and the premiums on $AAPL are to high so see potent ion in both short calls and puts into this event. I was since open bearish on AAPL but now after this fall a big part of the retracement may of already been seen

Posted in General Trading