Closed out the following positions:
- Short 165 July '10 AAPL put, bought back at $0.17
- Short 185 Oct '10 AAPL put, bought back at $1.75
- Short 220 Jan '11 AAPL put, bought back at $11.05
- Short 80 Jan '11 BRK.B put, bought back at $7.20
Opened up one new position:
- Short 300 AAPL Jan '12 put, sold for $65.50
So, I still got hit by that sell off on Tuesday, but I got hit for my new position I opened up. I'm going to hold onto this new position because it pays me adequately for the risk I'm taking for it. I have confidence that Apple's earnings will continue to grow as the second derivative of earnings shows no sign of slowing down despite its emergence as a uber-market cap company.
I also bought AUD dollars at $0.9176 yesterday as I was looking to go long the Aussie again if it dropped below $0.92. Today, the Fed continued their zero interest for an 'extended period' rhetoric, which should mean the carry trade is still on for the Aussie dollar.
I also bought AUD dollars at $0.9176 yesterday as I was looking to go long the Aussie again if it dropped below $0.92. Today, the Fed continued their zero interest for an 'extended period' rhetoric, which should mean the carry trade is still on for the Aussie dollar.
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