Tuesday, July 20, 2010

APWR - closed, V call - opened

APWR:
Today i decided to close out both positions (long stock and short call), for a small gain. The selldown in this low volume stock doesn't look too good, as it is diverging from the market movement.

Have also closed out long position i added on Friday to APWR, which is smaller than my original holding.

V call:
Have entered Sept 80 call for V at $1.10, which has earnings on 28 July.
Reason: Near $70 support (V currently trades at 71.25). Will look to close the position after earnings.

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