Thursday, August 2, 2012

12:05PM Profit Taking Strategy




Exits
  • Sold all SPXU @ 46.8
  • Sold all AAPL August Monthly 610 Puts @ 15.00

Profit

SPXU $3/share profit [+6.8%]
AAPL 610 Puts $4.2 per contract [+38%]


Portfolio Holdings
  • AAPL August 20, 600 Strike Puts @ 9.2 
  • SPY Sept Quarterly 125 Strike Puts @ 0.91 

Reason: SPY getting into oversold conditions based on 60min RSI <30
AAPL waiting for downtrend continuation keeping the August 600 Puts and booked the 610 Puts profit for safety


-Red Apple