I love Apple’s products, but that is no reason to fall in love with the stock. A couple of weeks ago I purchased a long term put spread for the portfolio (Jan ‘12, 250/200 1:2 ratio). I had intended to keep it for a while and let time decay work …

Today’s trade is another long term butterfly spread. It shares the same characteristics as the trade from yesterday, except that the underlying stock is not nearly as volatile. This is more of a directional play, as I am expecting the money management business to remain strong absent another complete market …

The Blackstone covered call in the portfolio had been working quite nicely for us, but no more. Yesterday, on news that it was seeking to buy back debt on one of it’s properties the stock plunged 10%. Now, I think that this was an overreaction and I would guess that …

I have been looking for plays that would get me some long exposure to google, and today I found a good one. It’s a long term play expiring in Jan ‘11, and it is fairly time decay neutral, so it should be a good place to park some cash for …

As I mentioned in yesterday’s post, I was looking today for a nice Apple long play after they posted a great quarter. I decided to go long and conservative with a Jan ‘12 ratio put spread. Buying a 250 put and selling 2 200 puts yields a $9.00 credit. The …