Tuesday, April 3, 2012

$AAPL setup for reentry 4/3/2012

just took profits on credit put spreads today. was at 75% of max profit with 18days to go. stock at 630now..was just at 600 yesterday so it could reverse just as quick. if it does reverse i will reenter. maybe even the same strikes i had before. im looking at the weak fat crayon support level near 600. if it pulls back to test that i will be looking at / below the 570 level for credit put spreads.. remember i have a diagonal spread with 570 short call still so i want to be under that level at least. setting initial alert at 610.