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
Long via ATM Jul calls – RIMM, AAPL, FCX, OIH – small positions.
Stop loss moved to breakeven
Target
sell 25% at ES = 892
sell 25% at ES = 896, move stop for rest to ES = 892
sell 25% at ES = 900.25, move stop for rest to ES = 896
sell final 25% at ES = 906
BOT them for average price of $2.00 – 4% loss after commissions.
DISCLAIMER: I own position in AAPL which is in significant loss, which could alter the way I think where AAPL is headed.
EDIT: I had mistakenly said that AAPL will gap down below $140. Someone in the comments pointed this out asking how and why did I think so. I meant to say $141. I have added a 20day chart of AAPL that shows that $140.5 – $141.5 is a key level for AAPL. My thesis is a big gap down on Monday, which requires AAPL should open below this key level (AAPL being a big component of NQ).
DISCLAIMER: Nothing contained anywhere on this site constitutes any investing advice or recommendation. Any purchases or sales of securities are solely at the discretion of the reader.
BOT it yesterday for $0.00 – everything I made is profit 
DISCLAIMER: Nothing contained anywhere on this site constitutes any investing advice or recommendation. Any purchases or sales of securities are solely at the discretion of the reader.
UPDATE: Hedged before FED by selling FCX Jul $47 Puts @ $2.24. LOL – I don’t have any money investment in this position
Rationale behind this trade has been explained in this post.
