Rally off the lows of yesterday was power packed and all Indicies shot up this morning session and $VIX has fallen under 25 level.
AAPL shares have bounced around after the meeting yesterday, where company declared it has no plans for a Buy Back or Dividend. We had sold our March 120 Call option in anticipation of the meeting for a quick 18.52 % profit and re-entered another trade in AAPL on weakness at the open and closed same with in an hour for another quick turn around profit of 22.50%.
2008 Project M .. TRADE # 24: AAPL
Mar 05, 2008 AAPL Buy Mar 120 Call $ 4.00 .. 2 Contracts
Mar 05, 2008 AAPL Sell Mar 120 Call $ 4.90 .. 2 Contracts
Time: 1 Hour
Return: 22.50 % or $ 90.00
Account Value: $ 9,679.90
Power packed rally day(s) ahead , hopefully they last.
Have a great day.
Harry
