AAPL August 25 655 Weekly Puts @1.2
Loss
$1.8 per contract [-60%]
No Regret
Remember when we entered these weekly puts, it was a lottery side bet, and we said it was an all or nothing bet, extremely risky. We were prepared to lose it all, so it's okay. We keep our lottery bets very small with the house money we made.
(http://aapltechnicals.blogspot.ca/2012/08/210pm-aapl-side-bet-important.html)
Portfolio
September Monthly 130 Puts @ 0.68 (Average cost)
SPXU @ 41.75
Shorted AAPL common stock @ 668.05 Maintain the plan for these swing shorts, will adjust accordingly to market dynamics
-Red Apple
