Stubborn to the End

Sometimes I am just a little too stubborn. I may get run over, but I put together a 3 pm plan today for tomorrow. I am keeping my AAPL calls, but hedged some with some AMZN Jan80 puts and some SPY Jan141 puts.

AAPL seems to want to run into the close and I hate buying and selling options in the last 1/2 hour of trading (I never get the deal I was hoping for), so I am sticking with my MacWorld trade thesis. The hedge is to protect these calls and also hedge against the Citi news and the PPI news in the morning.

This kind of mix and match approach never turns out as good as I would like, but I am at least hoping to not lose money in the process. I thought about put spreads with AAPL and other strategies, but I kept it simple. The market news will happen prior to open, but the Apple news is not until the afternoon (West Coast starts late - I don't know if the keynote will actually happen when the market is open, but knowing Jobs, it probably is) so this played in my mind about the strategy.

We may most likely have spilt news - good news from Apple and bad news for the tape. Trading different stocks and an index will hopefully address this. We shall see.