Selling Swing: AAPL 200 Feb Calls at 2.45-.36 OVERSIZED APV1
Posted: Fri Feb 19, 2010 1:45 pm
Selling Swing: AAPL 200 Feb Calls at 2.45-.36 OVERSIZED APV100220C00200000 Position from 2.10. the option hit a high of 3.20 after we entered but it was nowhere the intraday target of 4s that would of made the risk worth it. Now its to close to the end of the day and the 200 magnet should bring AAPL back down to that strike area. Disappointing but still profitable and helps ofset the straddle on FSLR from yesterday that today also expires. The 125 puts we entered at 5.30 are now 9.00 but to make the play work she needs to pass 10.60. At least AAPL 200s made up the difference.