Buying Swing: adding AJLAX at .63 area OVERSIZED AAPL 220 Ja
Posted: Tue Dec 22, 2009 12:33 pm
Buying Swing: adding AJLAX at .63 area OVERSIZED AAPL 220 Jan Calls. As mentioned yesterday the plan was to accumulate these well out of the money calls on al shakes and today after a strong gap up on AAPL that sent these calls to .84 nowhere we have a strong gap cover. if the santa rally is to continue we should see a further spike on these calls. GLD also big smiles on the puts on the gold bearish bet, she also is here doing a partial gap cover but am not ready to accumulate to the puts just yet, wish to instead wait for further weakness conformation here on one that we positioned in twice as strongly int yesterday. There may be real support at 105 but if the level is lost then the metal would tumble ever more dramatically as all the chartists tern strongly bearish. so in other words watch GOLD closely it is at a CRITICAL AREA TODAYS LOWS.