Stocks, Options, Futures, & Technical Thoughts Born on the Trading floors
Tuesday, July 3, 2012
Follow Up // AAPL PCLN Butterfly's // Sold 1/2 for 100% Profit $AAPL $PCLN
On Jun 5th 2 Butterfly's were taken, a bullish trade in AAPL & a bearish trade in PCLN http://thetradersjacket.blogspot.com/2012/06/pairing-up-options-style.html . Yesterday in AAPL it was possible to close 1/2 of the fly for a 100% profit at 3.46. AAPL looks like above 600 is in the cards though a breather is certainly deserved. Trade idea now is to let the rest of the AAPL trade run.