Apple

Well the past two days have been ugly for people like myself standing in front of the herd. We have been trampled by the sheep, but aren't dead yet. There are still 28 days remaining on my position and since we are inching closer to my max loss at 270 I am going to ride it out for now and not close it out as planned unless the herd retreats and I can get out anywhere near even money. Since a majority of shares are institutionally owned I am looking for prudent money managers booking profits at this point to help me out. Also there is still a good chunk of time premium being paid for these calls that will erode quickly if I can make it closer to May expiration or have downward pressure on the stock.