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whereismyorange

08/26/10 4:23 PM

#60520 RE: whereismyorange #60480

AAPL tried to rally past 245, and failed... With GDP tomorrow before the open, I am certain we will have the indices gap up or down. 240 has been very strong for AAPL, and has not closed below for more than a single day. AAPL is still in a range, so until it breaks 240, I don't see it as bearish.

I picked up a few AAPL sept 230 puts... A gap up in the morning may have me running away ...