Comments on: A Bearish Apple (AAPL) Trade

By: OptionPundit

OptionPundit — Mon, 15 Jun 2009 14:02:12 +0000

Closed remaining 1/3 position today for net 48.6% profits.

Net tally is like this-
1) Initial 1/3 profit at 10%
2) 2nd 1/3rd profit at 35.6%
3) last 1/3 profits at +48.6%

Seeya AWDC next year.

Profitable Trading, OP

By: Ron

Ron — Fri, 12 Jun 2009 16:19:01 +0000

OP:
Good trades, How about converting it into a butterfly or a condor by adjusting the current position with SHORTING CALL VERTICAL.
Thus, reducing DELTAs and maintaining NEGATIVE BIAS. What do you think about this?

Ron

By: OptionPundit

OptionPundit — Fri, 12 Jun 2009 16:03:29 +0000

This is to let you know that the bearish trade that I shared here (http://www.optionpundit.net/trade-ideas/a-bearish-apple-aapl-trade), I have closed it today, I am left with only 1/3 of original positions. I first closed for +10%, and today closed for +35.6% gains, all within this week itself.

If you were following this trade, you may want to book profits and close it.

Profitable Trading, OP
OPNewsletter – A No Nonsense, “No Profit, No Fee” Option Trading Newsletter.
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By: OptionPundit

OptionPundit — Wed, 10 Jun 2009 17:16:22 +0000

As of this writing, the above trade is already in profit +15%.

By: OptionPundit

OptionPundit — Wed, 10 Jun 2009 13:59:37 +0000

Bulls are trying pretty hard to defend $140 area for the past 3 days. Let’s see if it can hold on to that level.