One of many ... Sell a 195 call (or a 190 call, if you are aggressive). If AAPL does go to 195, you can then buy a 200 call and make it a condor (or if you sold a 190 call, you buy a 195 to make it into a fly). This suggestion is based on your outlook.
If AAPL goes down, you can buy it back and possibly look at converting the vertical into a 180 fly.
Reducing original risk (for the time being) and making the position more condusive to your current thinking (or market action).
Murthy
On Mon, Sep 28, 2009 at 7:31 PM, <bgupta92@comcast.net > wrote:
I have a Oct 185/190 vertical for a debit of 3.12. Even though AAPL made a big move up today, I am concerned that AAPL may be running out of steam and at this point I'm neutral to bearish for the near future. Wondering if the board has any suggeestions for an adjustment?
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