Should I panic about my short position on Apple calls?

I was contemplating the 500 600 march fly. ended up doing the 500 525 booster instead. this was with stock around 505. would have made more money without the options overlay...

the rally in this stock is impressive.

 

Yeah, should have gone neutral to 510 to fill the gap. 500 is a bit of a stretch.

 

My analysis was still valid. I issued a cover recommendation at around $1.75. I also issued a warning that the risk of holding this short position was massive given the earnings news. My guess at the time was that AAPL could go to $500.

Given that this was likely a fake trade ( with missing information from the op ), doing extra research was pointless. I held no position in APPL options.

 

So is the sell-off the last few minutes...

 

Covered short in shares at a 9.50 gain. Remain in the 450/500/550 Mar fly.

 

wtf. 503 handle?! Fly is up 2 from entry.

 

Crazy. I did another trade. May 525 vs mar 550 for 25ish. Down 6 on that. Term inverted and call skew crazy flat.

 

??? 3rd Friday of the month is the 17th.

 

Yeah, I saw that. I was going to do the Mar/May 510 calendar which had some edge, but went with the vertical. Up 10 on the day.

 

Ya, again, that's what he's stating.