Tuesday, May 01, 2012

Sell AAPL (sell vertical)

Sell AAPL vertical call spread @594
Buy AAPL May 660 calls
Sell AAPL May 650 calls

I now have an Iron Condor on AAPL which profits if the stock stays in the range 545 to 650. The all time high of 645 is resistance. I still net out to long on Apple, though a bit less so.

Long AMGN BRKB LGF MMM TLT
Net long AAPL AMZN GLD SPY
Net short IWM

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