Shortly before the close today you could have bought a 250 put for about 20 cents. Went out at $1. Sweeeet.
He was obviously referring to the weekly AAPL options, which expired on August 13: AAPL100813P00250000
It's easy to find, after the fact, short duration options that have doubled, tripled, quadrupled, quintupled, or sextupled in value in a day or two. So what? It's also easy to find, after the fact, people who made a million times gain by buying a lottery ticket.
I was actually watching it realtime , though I did not buy it. The question was , in the last HALF hour , the pin effect. If you thought the market would sell off hard, then this was a great trade, as AAPL was having trouble staying above 250. This is kind of stuff you see posted by so called gurus three weeks after the fact as easy trades. I only post real shit, so dont mistake it for the half witted bluster normally found on this board. I used to post highly accurate real time calls but have disbanded that effort. Note half the clowns here don't even know there are weeklies, though its now old news.
Right because knowledge of weekly options existence is correlated to profitability. I guess those 10,000 posts of yours weren't about trading. LMAO.
This would have been a good trade. Buy the POT Aug 2010 135.00 call for only $0.06 at the close yesterday and sell today at $6.00 http://finance.yahoo.com/q?s=POT100821C00135000
1) On a percentage basis, it's "impressive". 2) On an arithmetic basis, it's "lame". 3) Nobody in their right mind will allocate a big chunk of their trading account to "tinies" and "teenies".