/b covering short AAPL 280 June calls at .01-.03 and AAPL 25
Posted: Fri Jun 18, 2010 2:22 pm
/b covering short AAPL 280 June calls at .01-.03 and AAPL 250 June puts at .01-.03 . the AAPL 250 puts we shorted at .81 a week ago and the AAPL 280 calls we shorted at .42 yesterday 2X oversized so this amounts to about 95% profit on 3X oversized combined money allocations. Big Smiles to all who positioned. As far as the bullish AAPL july stakes those will hold as we see the 280 calls we bought on july 15 at 3.00 now up to 7.50 a full 150% Pure profit on a 2X OVERSIZED holding. A position that have no intention of locking in yet. So to say that this options expiration week has been good is an understatement. Most likely will not make any new strategic swing entries today for options expiration friday especially quadruple witching can keep stocks swell as markets at expiration magnet points and not till next week when the pull of strikes is behind us can we get some normalized movement.