Thaaarrrr she blows

Those are very expensive puts. Very expensive. Especially for such a high theta.

I'd rather be writing those than buying them, but what do I know?
 
Quote from ByLoSellHi:

Those are very expensive puts. Very expensive. Especially for such a high theta.

I'd rather be writing those than buying them, but what do I know?

Small position (for now). I just wanted to have some short exposure on AAPL leading up to the IPhone release.
 
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I was holding 50 July 115 Puts and 10 July 120 puts. Sold them a few minutes ago (made my 20% like I wanted and got out).

Seems that when I stick to my targets rather than run my winners, I'm losing less often.

Oh well, I think Apple will bounce back a bit today, I can't see it staying down around $117 the whole day....

Time for lunch!
 
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