Update 4/12/10

WSM PCCRC

I closed the WSM PCCRC today as it has stayed near breakeven p/l since opening. Although the bid was near breakeven, the actual fill price was at 8.11 credit, giving the position a 2% overall loss. I will be looking for new PCCRC candidates in the next few weeks.

AAPL PCCRC

The AAPL PCCRC lost another 1.5% today and is down 13% overall. AAPL was up 50 cents but IV dropped  on 3 of the 4 long options which is driving the p/l at this point. There are 8 days until earnings when the position will be closed if not earlier.