Monday, July 30, 2007

 

Buy 2 AAPL Sep 145 Call @ 11.00, 8.00

I think this is a disaster waiting to happen. Bought 1 AAPL call @ 11.00 on Friday after it was making new highs on Friday. That joy didn't last long. To make matters worse, I tried to average down on this position by buying one more @ 8.00 when the market started looking bullish in the afternoon. What makes me feel even worse is that I had 2 choices, to buy an MA call when it broke 160 (closed @ 164.59), or to buy this thing .. oh well..

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