Traders Playground

Buying Swing: buying AAPL 280 June calls at 2.80-3.00 and AAPL 290 junes at 1.25-.30 both OVERSIZED. as AAPL passes her day highs and the unlikely possibility that the pad would outsell the iphone at launch has become a reality by 2 fold, not to mention a true international hit and 1 week away from the release of the nest iphone, I am going in even more aggressively now. Big smiles on the 270 calls we entered into at 2.45 the other week now passing 6.65 and the 2x oversized position working out brilliantly. But the news of 2 mill ipads already sold brings about an unprecedented new revenue trajectory . obviously the 290 calls are the much higher risk position but the early entries last week give us the leeway to take such risk here . if I see any significant intraday negatives I will not hesitate to exit first these new much higher risk positions first but its hard not to be more bullish after this weekends news.