Tuesday, August 28, 2012

10:45AM AAPL Update + Exit

Exit

AAPL August 31 Weekly Calls @ 4.00

Loss

$2.6 per contract [-39%]

We wanted to take half off and limit stop the rest but we decided not to because we are almost 2 strikes OTM so the circumstances say we should take the loss entirely and wait for the next opportunity.

Not here for the rest of the day, will post a review tonight.







SPY

SPY, nothing to say, still looks like a consolidation day




-Red Apple