Monday, June 7, 2010

Bought AAPL puts

About 5 minutes before the WWDC speech is scheduled to start, I've bought enough AAPL puts to cover the calls I currently own. The reason is, that even though I don't own AAPL outright, the calls make up a significant enough portion of my portfolio (about 5%) that I want to be covered. I bought June $250 puts for $5.20 each. I'll probably sell them later today.