Archive for August 13th, 2008

STP - Changes

August 13th, 2008. Posted by AppleOption

AppleOption STP will make the following changes to the portfolio.

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ATP - Disappointment

August 13th, 2008. Posted by AppleOption

The AppleOption ATP has closed down a very difficult trade.

$180 has been significant resistance for Apple since July. Option Expiration max pain is $160 and there has been a slew of bad news this week that the market has seemingly not reacted to when it come to Apple’s share price.

We opened a $180 put play which had a total of 5 contracts at a cost basis of $5.27, we exited this position today for $3.00.

The frustrating thing about this trade is the thought process was correct. We will see a pull back after this $30 run… but to risk it happening in the next two days and thus potentially losing the entire value of the position was not worth while.

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