Buying Swing: covering short AAPL mar 210 all at .11 and sel
Posted: Mon Mar 15, 2010 4:03 pm
Buying Swing: covering short AAPL mar 210 all at .11 and selling all of 230 mar calls at .55 area and selling 1/2 220 calls mar AAPL at 5.05-4.90 I am here exiting a great deal of MAR bullish exposure and locking in the profits on the short from .70s nicely plus the add on the 230s ofset the losses on the calls but the 220s are down to now 1070% profit when just last week we had 1800% profit. I could no longer risk losing more premium with multiday direction terming bearish but wish to still hold only 1/2 of the 220s something I had earlier to on this bounce fully sell here changed the strategy to hold some exposure especially with the rumored upgrades from AAPL that may come tomorrow.