Replying to my commenter...

While i will say that it may seem that OTM options can be viewed as 'sucker' bets... had i went along with my plan B and went with OTM put options... guess what... 1000% gain in 3 days... unfortunately, i speculated (if that word works here) the wrong way...

so, as it goes. my sell signal (that i carelessly didnt pay attention to) was the day the iPad was released. AAPL didnt break 115 thus, that was a signal to get out of it. Unfortunately, i was careless enough not to schedule a sell and cut my loses.

But as i readily posted... i was willing to take a loss on this one... knowing that i have some other investments (bonds in particular) maturing this year. i needed either a home run or a minor loss...

AND i do have shorts in play... just fyi. but thanks for your comment.

As it stands, the iPad should do well enough come the holiday season... IF the whole market keeps this fake rally going. if there is one piece of news that would cause AAPL to shoot up would be a partnership with VZ

Laziness stinks...

Well, the one thing i forgot to do was set a sell on my options...

The thing is its been some time since i have done this thing... My wife's voice continues to ring in my ear, "maybe you shouldn't do options..."

If anything i should have gone with an AAPL put as well... or at least my favorite, FXP CALLS.