Current Holdings

As of April 8, 2009:
-1 $60 Jan 2011 AAPL Put Option @ $11.05
-1 $100 Jul 2009 AAPL Put Option @ $6.00
-1 $2.50 Jan 2011 C Put Option @ $1.55
-2 $2.50 Jan 2011 F Put Option @ $1.28

I executed the Citigroup and Ford positions this week mostly because the premiums covered over half of my risk. You'll notice the Citigroup and Ford positions are very small bets. I wanted some sort of bullish position in the auto and finance sector for my own sanity over the next couple years. Think of those small bullish positions as coping mechanisms for every bailout article I read. Although, with Ford the lack of bailout for GM or Chrysler would help.

I sold the Jan 2011 Apple option last month and it has done very well during this rally. I sold the Jul '09 this week because I wanted a little more upside exposure in case this rally continues (or holds), and if the rally ends I am comfortable with owning Apple at $100/share.