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Wednesday, July 20, 2011

AAPL trade

My plan this morning was going to unload my current position, then wait for a decline intraday to enter the 400 Jan Calls, but the pop this morning was weaker than I thought.

Instead I just rolled the options over to the Jan calls. Apple is too undervalued here, and if Intel reports good numbers and we have solid info coming out of the EU, the markets will have a rally.

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