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Daily Long and Short Setup

Recs

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April 21, 2011 – Comments (0) | RELATED TICKERS: GT , LSI

Good morning so far, I sold my Apple (AAPL) May 350 calls for about 120% on the premium paid or 6.5% on the underlying asset itself after the company reported incredible earnings.

Below is the Daily Long and Short Setups. I've bought Goodyear Tire & Rubber (GT) at 15.72. I've also tightened my stop-loss on Rackspace Hosting (RAX) to $43.46 which is just a shade below the lows from yesterday, in order to protect the majority of my gains in the position.

LONG: Goodyear Tire & Rubber (GT)

SHORT: LSI Corporation (LSI)

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