Those are very expensive puts. Very expensive. Especially for such a high theta. I'd rather be writing those than buying them, but what do I know?
Small position (for now). I just wanted to have some short exposure on AAPL leading up to the IPhone release.
I was holding 50 July 115 Puts and 10 July 120 puts. Sold them a few minutes ago (made my 20% like I wanted and got out). Seems that when I stick to my targets rather than run my winners, I'm losing less often. Oh well, I think Apple will bounce back a bit today, I can't see it staying down around $117 the whole day.... Time for lunch!
LMAO! He's probably worth a little less than $100k now and maybe he's thinking about downgrading to a 15" monitor!