Thursday, September 2, 2010

Sniping Away

I was a little disappointed with AAPL's "bounce" yesterday. I had a profit but not enough margin to warrant hanging on and hoping for the best with a much larger than normal position ... so I sold the calls (+7.43%). Likewise, I didn't see much more downside for STX so I opted to sell the time value I had left in the Sept. puts (+7.63%). Admittedly, these are small gains for options trades, but given the market I'm happy with 'em. Besides this blog's not titled "Outta da Park Stocks!".

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