Glanced at some other blogs of dudes a lot more intelligent than me. AAPL has been suggested as going on the short list. The technical tend to agree with the channel high 170s to low mid 160s. The long term put is much safer - as the longer trend shows it heading to 120... its solid base before double digits.
HOWEVER, the pent up news coming July 11 is something of note. iPhone release day. I am one who does not own one nor wants one (yet). but people have already been standing in line for these things and the number of those interested since the price cut is unbelievable (update 8am HST: UK is SOLD OUT of iPhone 3G before it is even released). so anyone shorting AAPL just prior to July 11 and out of the 160-178 range BE VERY careful. Price spikes in AAPL is something wicked that can eat you alive (i have lost on both the call/put side...)
Oil has somewhat recovered and kept to the 140ʻs. I didnt sell my lone USO call, just thought about it. Of course, had i NOT owned it (which was supposed to happen with a sell on a holiday Thursday session, i would have bought it up again...)
IWM must have rewarded a few people today. Unlike DIA & SPY, this thing moves in a big way. it is near its 52 wk low @65. So, much care is needed in puts/shorts
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