To neutralize my deltas again, I added:
BOT AAPL 100 SEP 08 160 PUT @ $6.00 debit
What this does is raise my profit curve on the downside so if AAPL continues downward quickly, I can regain profits on the downside. If AAPL heads back up then I would simply remove these protective puts. See the chart below...
Monday, September 8, 2008
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