Updates

ONP
So I managed to sell the Nov 12.50 call for $1.15 against a portion of my shares this morning. This covered call is a typical safe option play to lock in some profits in case the stock slides down again as it did today. I basically was paid $115 per contact this morning to give someone the option of buying my shares for $12.50 per share between now and November. If the shares go above 12.50 and gets calles away selling at $12.50 would leave me a 34% profit. If they never get to $12.50 I still get to keep the $115 per contract! A definite easy money play if you ask me!

AAPL
So AAPL has continued the creep higher for the past few days, about 2.5%, but is still below my break-even of $161. All the news coming out seems pretty negative like the lawsuit that could stop the sale of all AAPL's touch screen device sales, the lack of 3g devices, overseas launch delay, and the fact that they just aren't selling enough Ipads to be meaningful to the bottom line. With all this the sheep keep grazing on AAPL and even have the wool to attack any naysayers! In the next coming week, with earnings on Tuesday, we will see if the sheep get slaughtered, as I expect, or if they just trample me on their way to $170. Stay tuned this should be interesting!