Daily Long and Short Setup

Good morning so far, I sold my Apple (AAPL) May 350 calls for about 120% on the premium paid or 6.5% on the underlying asset itself after the company reported incredible earnings.

Below is the Daily Long and Short Setups. I've bought Goodyear Tire & Rubber (GT) at 15.72. I've also tightened my stop-loss on Rackspace Hosting (RAX) to $43.46 which is just a shade below the lows from yesterday, in order to protect the majority of my gains in the position.

LONG: Goodyear Tire & Rubber (GT)

Read more...

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: Computer HardwareConsumer DiscretionaryInformation TechnologyInternet Software & ServicesTires & Rubber
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!