I did a pre-earnings trade in $AAPL involving both stock & options. Here it is:
- I am Long stock at 406.45
- I am Long the April 26 weekly 405 Put
- I am Short the April 26 weekly 425 Call
Above are a few of the messages that I posted that were relevant to my trading in $AAPL yesterday and today. The pop in the stock in after hours was short-lived so I exited the long stock position. I managed the remaining option pieces this morning (had become a Bear Risk Reversal).
The significant moves in both directions was not expected and allowed me to work the Bear R/R for additional gain. The long stock hedge in pre-market proved to be pivotal in adding to the gains, very pivotal.
The final exit steps: