CLOSING the $XLK Options Action trade - dan $aapl

21 sep - no dice again on a "short" AAPL play...dan had aaples number last year, really been off this year. low premium trade will go out at full loss

---------------------------------------------------------------------------------------------------------------------

24 aug - as mentioned previously, dan has a trade on this weeks options action on XLK , here is the video clip XLK clip . essentially a go short AAPL play but without shorting AAPL.

Buy the Sep 30/29 put spread for .20

dan lays out the thesis pretty well in the video clip. obviously dont need that big move to make a profit..just a small selloff and this spread is near a double. dan usually takes off half of the position when it doubles. cheap premium, defines the risk.. i did a few of these as well. see all of dans on-air trades in this google docs spreadsheet

click-->Follow @Mark_Lexus to follow on twitter