.selling swing +QAARB 1/2 at 1.14-1.10 area OVERSIZED AAPL 1
Posted: Thu May 21, 2009 3:50 pm
.selling swing +QAARB 1/2 at 1.14-1.10 area OVERSIZED AAPL 110 strike Puts at 52% profit. Im locking in some profits on this 3x oversized stake brining me down to a 1.5X oversized stake, the strategy being to protect profits on my largest options stake as the market starts building here but if AAPL again moves to test day lows I will not hesitate to re accumulate the full options amount lower. Big smiles on the bullish positioning on DRYS today $-) . im steadily moving into a more bullish stance though the BAC calls were ill timed today $-(. the overall strategy is being bolstered by the stock stake today vs the options positions.