Wednesday, October 13, 2010

Out of FCX, KFT, AAPL Option Recap

Out of all 3 positions for a total loss of $48.78, lightning up on short positions just incase of a possible continuation. My BIDU, GOOG, Bull Put Options are almost gaurunteed to expire worthless, making up for this loss incurred, with a potential profit. This is an example of how options can protect you in trading. Still short DELL and AAPL, looking for a pullback.

BTW... Now that I am out of KFT Stock, I am looking to liquidate my option position tomorrow for whatever profit or loss. Also looking to add 3-4 contracts to my DELL options for more protection.

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