Well, despite the great show, apple didn’t turn out a great show in the stock performance. Since I played non-direction on the earnings, I covered my short 95 call leg for $0.20. This resulted in $95 profit on $1365 investment i.e. 7% in one night. Though apple continue to fall as of this writing, I didn’t want to give my profits back to the market, so clsoed it for 7% profit. This closes my earlier posting about apple which were posted here and here. Not to forget though, I still have 7 Jan 100 calls. Should apple decide to make a comeback tonight or tomorrow, that will be a lottery ticket.
Again as I mentioned Y’day, these speculative trades are only a fraction on portfolio.
The search is on for tonight’s play, stay tuned!