We got our move in AAPL, nice quick 20 points in 2 days.
It’s gone parabolic here, so I want to take some deltas off and hedge against any sort of reversion.
Here’s what I like:
Sell Dec 560 Call @ 5.00 or higher.
This will cut our delta risk, and if we continue to rally into 560 we will have positive theta.
If AAPL reverts back to 535 or so we can take off the short call as it helps to reduce our basis.
New risk with the call sale:
