Traders getting nervous out there! AAPL keeps pulling back- lets see what happens next week with their earnings. I know it's not all AAPL, but today was a double whammy - market down and AAPL way down.
Margins are compressing, guidance is what people are nervous about.
Last visit at 1340 - TYP was 12.50ish. Nasdaq was 2800? This was Jan. lots of changes in the options in the ETF, so the past might not be a good gauge of what will happen if Nasdaq does 10% from here to 2700.
This is making me rethink the 14 strike. Maybe 12.75 - sell 5K shares. Holding 6900 of this.
Did you draw out 15? Or a hunch?
Had Colin Powell on my flight this morning out of DC - He's not black - he's white!!
RLB
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