Quote from TRYKtrading:
ok, so i'll double my position, only using 135Cs.
B1000AAPL@126.15
B10JUL135C@4.00
B10JUL135P@12.75
so tell me how to hedge this, if i'm so clueless.
I'm confused again. What did you do with the 130 strikes and the short 135 strike calls? Or didn't you actually trade them?
If you didn't do the original trade then this position is simply long 20 of the 135 strike calls. Are you asking how to hedge long OTM calls??