Wednesday, May 8, 2013

Trading: Two days ago I sold my Apple and Fusion IO.

I had two call spreads in Apple (AAPL) Jan 15 390/400 and 430/550. I sold each of them and made a very small profit, but not enough to recover my previous call spread in this name.


I had a small profit in Fusion IO ($FIO) and I sold the Jan 15 15/27 call spread. I sold it because I was trying to free up some capital. In light of today's 20% correction, it seemed like a brilliant move. I assure you that it was a blessing, I'm not that smart.





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