Wicked Rally? PUTS in APPL, Get Them then Cash Out

Now that the products are out and the early adoption stage is almost complete, it’s time for the options to come back to proper pricing.  The PUTs on AAPL are still undervalued.  JAN @ 135 and alike are cheap, especially for simple leverage against a possible break in the market.  Plus, AAPL barely moved on today’s wicked rally.

With today’s big up day, go get your APPL puts.  Also, I’m scooping up two or three puts in NFLX while getting long.  I’m only getting long for a few day, just in case today’s reversal after its 2Q earnings is only a haircut. 

Market got way too shorted earlier this week, that was my mistake.  Damn that sucks.  I ended up panic buying GMCR at 29.xx.  I’ll sell this junk tomorrow for sure since I’m supposed to stick to the rule to short the bear rallies.

Today sucks.  I’m going to eat out somewhere expensive. 

Aloha!