Update 9/16/11

AAPL Put Seagull

I said I would watch AAPL closely this week but I didn't (very busy week) and about $1100 in profit came out of the position. AAPL moved higher this week and if it keeps going up I could make those profits back. Since the longs are Nov there will be no more rolls of the position, just deciding when to close it. Current profit is 22%.



DLTR PCCRC

DLTR also moved higher this week, however, unlike AAPL, the profits on the DLTR PCCRC went up. If it moves a couple of more points higher I will look at locking in some profits with an adjustment, either rolling the long calls to a higher strike or selling some of the extra long calls. After a week in the trade, DLTR shows a profit of 9%.



NVS PCCRC

NVS was fairly flat for the week after moving down Monday then up the rest of the week. It is hanging around the short strike which is ok and profit was up a little on the week and now stands at 11%.

ROST Call Seagull

I opened a new Call Seagull today in ROST after finding it in ascan for new 52 week highs. There is a 1% loss on ROST as of Friday's close.