Today's trade. I planned to do it yesterday at 97.5 at better price but the trade ran away from me. I am not happy with what I got this time but better than nothing.
True. Long to a level. I am still long some shares but short twice by out of the money naked calls. Long 700 shares and short 20 62.5 and just 2 60 calls.
I am also bearish on the market in general. I say don't trust Tuesday's rally.
I don't trade AAPL but all cellphone makers including AAPL will feel pressure as Verizon also terminated discounted phone for 2 year contracts and that will make people keep their old phone for longer time. I see AAPL at 85 in 2 months.
I agree. I see way out of the money puts. still can easily be wiped out. I have cash to be assigned the shares. That trade is in IRA account and is cash covered PUT. The strike price is 190.
I believe a few times that market dropped in the last couple of weeks and then bounced, were because of brave knife catchers. When they realize that the problem seems worse than they can catch or handle, market will lose its floor and will drop more until it give evidence beyond doubt that it is...