Monday, November 17, 2014

AAPL and WFM

Got out of the WFM butterfly above my price target of 1.28... 1.34. That's $156 profit. Not too shabby for a spread I've never traded before.

Now, looking at AAPL:



AAPL is overbought on all the indicators and had some very negative price action today. A come down back to 110 or the 20ma is likely in my opinion. Decided to only nibble on this trade since my YHOO short continues to move against me; +2 Jan15 112.86/114.49p @ 0.75.

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