Hamzei_Analytics · @HFT_StockOption
27th Mar 2013 from TwitLonger
March 27, 2013
Apple/SPDR (AAPL/SPY)
We are closing our pair trade today for $44.55 we initially got in for $38.91 this is a 14% profit. The reason we are closing this trade is that we feel AAPL still has potential to go lower. It seems it cant get any momentum to the upside. Also we have talked about the 50 DMA as our line in the sand.
Today we broke that level and continued to go lower without even trying to test that 456.97 area.
SELL To CLOSE 1 AAPL Jan-14 500 Call trading at $25.90
BUY To CLOSE 1 AAPL Apr-05 500 Call trading at $0.15
SELL To CLOSE 2 SPY Jan-14 155 Puts trading at $9.40
The Total Credit of this trade is $44.55
Day Order Only