GLD, GOOG & AAPL

GLD is currently trading at 136.71.
I took a small profit on a call option on GLD today.  I'll buy 135 calls again if/when GLD gets back to 134.50. 

GOOG is currently trading at 874.73.
I bought 1 $875 put option as I believe this stock will come down even further than $860 by next week. 

This goog short is primarily a hedge on if I'm wrong about AAPL.  They do go in tandem with one another. 

AAPL is currently trading at $50.76.
Today I bought, with my GLD profits, a call $450 call option.  I see aapl getting to $500 over next couple months.

I'll see how they open tomorrow, and I'll then put in stops at that point.  BOL

*450.76

It was awesome to see this morning that Goog was down and aapl was up.  I got out of my goog put and actually made $60. 

I'm going to put in a stop order on AAPL, but not quite as close as usual b/c I really do think that AAPL is on its way back up to $500 per share. 

I saw GLD got to 134.62, I hadn't bought my calls at that time.  I just went ahead and bought 7 $135 June Calls for 2.65 / contract.   Any kind of bad news over the weekend in Asia or Europe may trigger more currency volatility.  If so, GLD may be on its way to $150 as I've suspected for a few weeks.   Consumer confidence is up in the US, but that's not usually 'good' news for the fundamentals.

how do u sell the contract if u decide to do so?

HD85...it's just like selling a stock.  I usually sell with a stop order.  I put a stop price on GLD at $2.10.  I'm basically risking $52 x 7 = $364 on GLD.  However, if the market opens these contracts on Monday lower than $2.10, then I'll be stuck having sold it at that level. 

Ever tried trading options before?  I may be able to help.  They're risky. 

Okay...I just tightened up my stop order on AAPL just after it made a decent upside move to 457.  There may be some profit taking here on the last day of May.  I believe the next entry point for AAPL will be about 448/450 range.  BOL

I am long SIRI Jan 15, $4 calls! 

SIRI still low P/E after the run up.  Lets Go!!!

 

If the fed continues with QE, I believe you're in great shape. I may hope aboard the next pullback.

*hop

GLD is currently trading at 135.71.  I added to my position this morning as I saw the market react downward to relatively positive data.  GLD is now in a position, IMO, where it's bullish on both good and bad economic news/data.