I'm not ragging on your position. You sound like a proficient options trader and I have to respect that. It's refreshing to talk to someone who knows their stuff. Cheers.
Hey, I hear you about defining the risk. I didn't want to be perceived as a gunslinger. My primary trades are defined-risk exotics and vanilla flies.
Sorry to disturb your highly technical discussion. Trying to learn from you, but "cheap tails"? Are you referring to the wings of the butterflies?
Spot +3 from close on current beat but forward look of a dime under First Call. Edit: spot under Naz close at 160 last.
i think things will get worse for AAPL.....a lot of people putting new iPod and computer purchases on the backburner