Apple Options volatility around IPAD3 news release

Discussion in 'Options' started by tmf, Feb 23, 2012.

  1. were you just going long front month outs (otm calls)? not bashing the strategy just curious.
     
    #21     Feb 24, 2012
  2. tmf

    tmf

    Sounds right.

    When apple was "surging" I was buying OTM by say 4 strikes for $2, wait till they hit 4, sell.... take 1/2 the profit and do it again!

    Most of the action happened within hours! :) 1-2 days max!

    I made the mistake when it was $526? to buy $600's should have been more $550-560's, then when it backed off the floor fell out!

    Only a good stategy if the stock is surging forward..... over a week or more.....

    I am new and it sounded right at the time, still made $, but the last bunch of $600's looks doomed...... praying for some movement....
     
    #22     Feb 24, 2012