Selling Swing: shorting GOOG 580 April calls at 10.50-.30 ar
Posted: Wed Mar 31, 2010 3:45 pm
Selling Swing: shorting GOOG 580 April calls at 10.50-.30 areas OVERSIZED [SELLING TO OPEN]. Am here trying to clear a short on GOOG 580 calls around these areas for the markets have taken a bearish tone after todays open. The short on AAPL 240s is working out well and with this weakness wish to take advantage of the high premium priced into GOOG here. This is naked shorts so risk is high but am under the belief that this negative ADP numbers this morning was a bearish market turning point that should last into next week. Ofcorse will most likely not stay short AAPL calls over the weekend due to pad release Saturday.