EOD +$408

Wow, check out AAPL and RIMM on the run up today.  Ridiculous.  Even worse than that.  I’m sort of questioning my put position, but not enough of a question to sell and take the loss.

TGT and JCP both took a nice step down.  I’m happy to take my profits here and just think about another entrance later into these options (or further out than January).

RIMM going up to $108 pre-earnings is either a lot of people know what’s going to happen after earnings, or more likely, a way to squeeze out the shorts that have puts or stop loss targets (at like $108).  Amazing the run up there. 

AAPL is just following RIMM because it’s a sheep.  Nothing wrong with being a sheep mind you, I do it often.  But I don’t know what would keep AAPL afloat at the $187 level.

I’m excited to watch RIMM earnings after hours.  The options are favoring a higher position, as there have been more calls than puts traded.  But sometimes sheep don’t make out well by following like they should.