First off, HAPPY NEW YEAR!  There, now that that’s out of the way… Ya, this profit is a sad thing to have to post.  Making $80 in profit is better than anything in losses, but still nothing that would make for a good bar story.  So what does someone in my current paper loss situation do when looking at AAPL?

When you see something like a large quantity of options in either open interest or you see a large quantity of volume, it has a way of getting attention.  In this case, it has happened with MER, and this is a call volume that got my attention.