9/30/13 Morning Blog

Markets are in free fall this morning, which should be no surprise to those who follow politics to some degree. This is very typical this time of year for the market to become jittery going into the middle of October. AAPL may find a shine today with Mr. Icahn over lunch today, there are also rumors that another AAPL special announcement may be coming on Oct 14^th (most likely an updated Ipad).

I have included the SPY chart as the chart of the day. Last Monday we bought the 169 puts and on Thursday I believe we reiterated that same buy for an add on. The SPY puts have done well for us and if there is a deal to be struck in government today I would suggest trimming back your SPY puts when it reaches the target zone this morning.