Yes, I think my PWE Option Trade buying the $1.00 2017s might be a tad better than this trade. When you see 50,000 Calls go off at the Offer its time to follow that whale. I bought 13,000 contracts because I loved to play Penny and Sub $5.00 stocks. If you recall, I posted "we are not allowed to post $3.00 and below stocks, was not able to share that. My Apple Calls need attention now, hope you all are having a great day. Funny how Citadel routes using NYSE and those orders sit, you route manually to BATS or CBOE and they get filled. Knowing how to route is one of the biggest concepts traders need to learn if their going to make a living.
On PWE I have no idea why he bought those Calls, this guy was big and I bet he took his gains after buying for $.15, he made a killing!
We closed above $70.00 again, this stock is a creature of habit. I don't understand why people trade super high priced stocks with tons of IV when they can buy stocks that keep moving up without tons of risk. YUM was risky, the China mess was something I wondered about but it was trading nice before earnings and gave us all time to buy and sell before Earnings. The same with all the Beverage Stocks and Oil Stocks, we had plenty of time to buy and make Double, Triples or 10x on Chevron Calls! I bought back in to YUM because I am a fan below $69, it's a like MCD has had so many chances, YUM will get more chances.
My Apple Trade should have sold all my Calls at $1.25, got sloppy by talking on the phone and doing things a Trader should never do. That blunder costed me probably $4000 out of hubris or stupidity, was filled some at $1.25 and better, some at $1.20 and the rest between $1.10-$1.20