Saturday, January 05, 2019

Apple bites the dust, also GE and XON

The year started off okay, then AAPL lowers guidance and the market goes lower. The next day some good economic news and comments from the Federal Reserve chair, ignites a huge rally. I continue to roll up and down. I was mildly long Apple coming into the news. I continued to adjust the position back toward delta neutral. This meant the Friday rally had me scrambling to add long delta. For the week I was up around 2%. I’ll take that.

I take small long positions in GE and XON (the biotech not the oil company) based on some conversations. These are tiny positions. Tesla tumbles on news, then recovers some.

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