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Originally Posted by barn32
I missed out on the AAPL short this morning, which kind of "ticks" me off. So I do what I usually do when that happens...find another way to make money on the same underlying.
So I sold 5 of the AUG 7 109 puts for .39˘. If AAPL stays at 109 or higher by Friday close I'll make $200 (which kind of makes up for some of what I missed out on today) or I'll own 500 shares of AAPL at 109, which I don't see as a bad thing.
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Looks like $109 is the low end of this prediction.
http://www.marketwatch.com/story/how...ket-2015-08-04
I don't follow Apple much, 'cause I have no vested interest in any of their products, but as a stock goes they have been incredible. Since joining the DOW though, they've declined 7% - apparently it's a jinx of some sort.....