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Delta Hedging Apple

|Includes: Apple Inc. (AAPL)

I have looked at the recent Socrates analysis of Apple. It doesn't look good on a yearly, quarterly, or monthly level. Technicals show we are below key support. The bounce on Friday was not very successful in challenging that level. The Dow is also at a critical juncture. Last week was rough trying to guage volatile changes in Apple. Therefore, I have decided until Socrates gives an all clear that some sort of bottom is in I need to delta hedge the Apple shares I own. That will involve selling some of my call spreads and buying more put spreads. I plan to fine tune the delta hedge daily and plow profits into buying more Apple shares. I need to preserve my sanity until a clear trend emerges. I believe in Apple stock and company doing well five years from now. Navigating from here to there is the hard part.

Disclosure: I am/we are long AAPL.

Additional disclosure: Same disclosure as last post, I trade options and things can turn suddenly.