This was an investment move, but taking advantage of the price move and volatility. Short Oct 92.50 put, long 95 call on TAP for 1.25. Will take assignment or exercise accordingly come expiry.
APPL put spread 150-152.50 opened for .82 credit DAL call spread 48-49 opened for .39 credit 5/26 for both
Stopped out of DAL (earlier) for .50 - 23% loss. Opened V put spread over 91.50 - 92.50 for .36 credit
And IBM call spread 152.50 - 150 - .60 credit MO put spread 70 - 71.50 - .54 credit (actually did this one by mistake...meant to do 69.50 - 71...but oh well, this is good too).
They're on my backup list...along worth ADBE and AMZN. The problem is, my radar is tech heavy already. All three are short listed, but need to demote some off.... ORCL, CSCO, EBAY, and HPQ are all getting my eye for the switch. Also, I just realized how tech heavy I was this week...with two bears, no less!
What time frame? I'm bullish myself for the time being (I don't follow the Nasdaq much though...S&P is my thing)...admittedly not so much to not hedge...lol
Sold IBM at .92 ...and realizing I missed my selling point on BABA Friday afternoon...and kicking myself for it.