Seeking Alpha
  • bdy
    I was bored yesterday and shorted $AAPL, $GOOG, and $AMZN using put spreads. today I'm up on all 3. gonna close em out for about a 4% gain.
    2/7/13
    Reply (6)
    • Bob de'Long: Good move
      2/7/13
    • bdy: thks it might actually be less than 4 percent due to bid/ask though, orders won't fill. :(
      2/7/13
    • Bob de'Long: Yes, hidden transaction cost in options.
      2/7/13
    • itzalex3: I had the same play, saw a 2 year trend ceiling, and shorted them :)
      2/7/13
    • bdy: sweet i stil have the positions i didnt get filled, im long SPY though to reduce the negative delta
      2/7/13
    • bdy: ha I woke up thinking I was going to get hit on AAPL but it was the only spread that filled. bought at 5.00 sold at 5.40... 4% after fees
      2/8/13