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Selling Swing: selling 1/2 AAPL 270 calls at 3.20-3.15 Locki

Posted: Fri May 28, 2010 12:18 pm
by MMASSASSIN
Selling Swing: selling 1/2 AAPL 270 calls at 3.20-3.15 Locking in some profits on the AAPL bounce play . Multiday direction I still see as positive on my formulas, but now a significant intraday negative has cleared and wish to play this on the safe side. Also looking for entries now on the GLD 115 June puts oversized to help hedge bullish bets . If AAPL builds then would not hesitate to renter higher the 270 stake but after the big falls of the last few weeks its best to be cautious on all bullish positions and lock in partial profits when possible negatives emerge.

good `

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