AAPL – Apple Computer (Last:293.83)

We’re long the November 300-310-320 butterfly twice @ 0.20.  Although our maximum theoretical profit of $2000 on this position would come with the stock trading for 310 when the November options expire, any strong rallies like Friday’s are going to swell the paper profit that is already in the spread.  As long as Apple remains buoyant, following this trade from one day to the next will be like sifting silver coins through our fingers. Keep in mind that the most we can lose, no matter what the stock does, is $40.