Brian Stutland, contributor to CNBC’s Options Action shown on Fridays, recommends to sell the AAPL Nov 320 call and buy the 280 put with long stocks to protect the recent gain through earning and the election.
Brian observes the option market is betting YHOO to be around 20 by Jan 2011, however, due to the uncertain of the outcome, Brian suggests to buy a put spread if you own the stock.