ok I am long AAPL, however, i think there will be downside pressure right after earnings. should I buy some short term Puts? maybe Apr or May. Anybody else doing this? feels weird playing both sides but don't want to ditch my stock just yet.
If you are bullish the stock but worried about downside and have the cash, I would sell puts at the level you don't mind owning the stock. ie: Sell the 375 puts or the 350 puts.. In the unlikely scenario apple goes below those levels you would buy the stock but you pocket the premiums. The caveat being you have to be willing to buy 100 shares.. This is what the pros would do, but of course they have tons of cash.