Looks to me that the RUT may rally so I've converted the position into a broken Butterfly. This will lock me into a sure profit of at least 4% unless price goes below about 755.
Thursday, July 5, 2012
AAPL and RUT
Stablizing my AAPL position. I'll see what I do next after a day or two. I added a butterfly and bought some calls back. I'm going to exit this position at break even when I can. It will probably need some more adjustments. If I can see a short term top, I'll sell the August CALLs I am long and then cover the August PUTs after it has pulled back. Anyway, that's the current plan, subject to change.
Looks to me that the RUT may rally so I've converted the position into a broken Butterfly. This will lock me into a sure profit of at least 4% unless price goes below about 755.
Looks to me that the RUT may rally so I've converted the position into a broken Butterfly. This will lock me into a sure profit of at least 4% unless price goes below about 755.
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