Monday, September 10, 2012

AAPL droped 2.6 percent from 280 to 262

having a long position with options would have been a disaster today. During uncertain markets it is best to take the profit and not wait for another day for the disaster to strike especially a week end.

Just take the 15 to 20 percent profit with options and keep the profits than when the market hit low, just buy gain or one can do some intra day puts buying.

Trading range. Even a straddle would have been good at this point.

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