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/s selling AAPL 1/2 Sept 260 calls at 7.90 area from 1.63 so

Posted: Thu Sep 09, 2010 12:48 pm
by MMASSASSIN
/s selling AAPL 1/2 Sept 260 calls at 7.90 area from 1.63 so 384% Profit and all of GLD 122 weekly puts at .70-.65 area from .25 so around 180% profit on the day trade . So the bearish gold day trade could not of worked out better, I still remain bearish gold but am here exiting on the possibility of a bounce where I may accumulate again . will watch her closely today and am surprised the market has not moved up stronger. This weakness in gold should be bullish markets after lunch, if gold weakness remerged don't mind reentering these puts higher. As far as AAPL it reached my 265 target and I see a possible significant intraday negative multiday still bullish so will hold the remaining 1/2 till multiday turns. As mentioned last few weeks have now trend larger market bullish larger gold bearish and wish to focus with this in mind for the forceable next few weeks and possibly months but with an eye on economic data.