Apple hijinks and Ge low-jinks!

Google news made any Apple upside play a sure thing. See October 310s at 55000 contracts for today’s expiration trade already. It is barely noon EST. They have doubled from 0.49 to about $1.00 as I write.

And of course, GE which represents all things macro blows up and is down 5%. Financials are being sold aggressively. SPY bouncing around like a mad thing. Fun. I am short JOE and a couple of retails. Will probably add goog to that later today or Monday (after someone does an upgrade), surely people will lock in a part of that two-month, $150 move.  QE2 is getting to be old news….

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