adding AAPL 350 weekly calls at .45 and .51 2X OVERSIZED with mental stop on the whole lot at .35

 

/b adding AAPL 350 weekly calls at .45 and .51 2X OVERSIZED with mental stop on the whole lot at .35 . This brings up the holding on very high risk options to 3X OVERSIZED. Am under the belief that the opening hour market pull back is but a shake after a critical market breakout above resistance that held the dow down for 3 months jul aug and sept of 2008. After this shake think that technically we should see strength reemerge in the markets after lunch. Am watching NFLX closely for a puts position that might serve as a market hedge after AMZN news today that it is moving to create a competing product.

 
Posted in General Trading