BUY SPY Sep $99 Calls @ $2.62
September 2nd, 2009
Comments
Shorted RIMM, AAPL, GS, OIH, FCX with ATM Sep puts.
Downside SPX targets are 970, 935, 870 before Sep Opex.
Target for GS – $130
Target for RIMM – $50
Target for AAPL – $130
Target for OIH – $80
Target for FCX – $40
Fading the AH pop resulting from some “John Paulson” dude buying 160 million shares of BAC.
Added more at $1.90 for average price of $2.00