Monday, July 20, 2009

Shorting AAPL via Aug155 Put


Well here's a chart of AAPL. Its exhibiting a very overbought condition, I'm taking an early shot here by opening a put options. Bought, one contract AAPL, Aug155 Put @ $8.55 plus $10.75 commission. I consider this probing- 1 contract will not hurt if the stock continue to move up.

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