Monday, August 20, 2012

3:30PM AAPL Puts Exit

Exit

Sold all AAPL August 25 655 Puts @ 4.55

We took the loss because, a gap up will not do these OTM puts any favours since we're ending on a high note.

Loss

$0.35 per contract [-7.1%]




Tomorrow

Momentum days like these and ending high pretty much guarantees a higher high the next day. We will try this trade again tomorrow, no biggie.


-Red Apple