The AAPL trend has continued to supply profits... I have yet to stay in long enough to achieve maximum profits but that would only work if I sat and watched strategy desk and CNBC all day. Being conservative has continued to supply a steady profit stream lately. Buying the Jul 260 Calls around equity support in the mid 240's and selling within a buck of purchased premium price. I will now look at using the 11 LEAPS to ensure time is on our side as I have noticed that the time value drops considerably which almost got me in trouble when first starting these trades. AAPL Targets still above 300. New Iphone goes on sale in a couple of weeks, the news trend has been working as well, although different this time around since AAPL usually gets sold off after news.
American Eagle Outfitters, bought 12.50 August Calls after they guided lower and dropped to that level. They received an Upgrade yesterday and target of 18 which jumped AEO to over 13. Holding this one into earnings and will probably bail just before they report.
Picked up another 100 contracts of January 11 4 Calls of Citi. Also, bought my daughter some of Citi outright for her long-term holdings. Will start looking at Jan 12's as well as a long term holding.
Natural Gas has been slowing creeping up, still looking at UNG.
Congress took the opportunity to get some insight from Warren Buffet on what the next crisis may be and he as well as many other analysts noted the municipal bond holdings will be the next to fail. This makes sense if you have read any of the Credit Default Stories out there. So looking for some ETF's that hold muni's and looking into what banks and inurers may be affected. To SHORT.
Out next week...
Happy Trading...
Thanks for the advice, still making money on the APPLE calls. Sorry you got out early. Listen to yourself next time ;-)
ReplyDelete