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Tuesday, April 5, 2011

perfect storm

The punches just keep coming for AAPL (the stock). Now, its index rebalancing.  (This is why I would much rather play the common vs the option. These sucker punches just crush the premiums.)

Regardless, I will look to play the bounce off of 330-331, the 26 SMA on the weekly.

This will be a very short-term trading position.  The positions I currently hold I will not sell until 370. Maybe forced to reposition the options to a later date during this period of rebalancing.

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