When I call YHOO a sell at 16.24 (super real time and not after the facts), yes, it might go up a few cents higher or even much higher. You have to adjust your trading size or also sell PUT to maximize your profit. I sell hundreds of options daily. You can follow my trades but in much smaller size. When GS calls a stock a buy, they might buy millions of shares but you can follow them with 100 shares. GS might lose millions and you will lose $50 !!
Yea...its a different strike structure the apple.. little more granular control of strikes on butterflys and credit spreads..at least I'm just not familiar with 15 dollar stocks with dollar wide strikes. I'm not stupid for thinking there's a difference right
If you are making money on AAPL or any stock, don't change your stock or strategy till you see that it is not working anymore (I don't mean losing money a couple of times) read my recommendations or any one's else for entertainment only. I am making money on YHOO but maybe if you follow me, you might lose.
Follow you or not... I was curious as to your ideology behind your trades but I can tell you follow yahoo like a hawk.. and its probably intuition and wxpierence
Thanks for asking. I am doing fine. Yesterday's announcement and AH drop came as a surprise to me but I believe there is no substance to it and YHOO will rise again. My account dropped a little today but the trades that I did, I recovered 50% of the loss. YHOO has dropped 90 cents. Just imagine what it would be if it popped like $5 or $10. That is why PUT_master does not like selling naked call. The other problem with options is that you cannot really do anything AH unless you have enough cash to trade undelying. The good thing about me is that I don't give up in these situations. Many traders, lose their temper and don't want even to open their accounts. As I am typing YHOO is recovering.
True and most times the weak handed people that lose their head get out at the very worst times.. I thought you were mainly just naked calls
No I had both. Naked Calls and Naked Puts. I paid $751.03 for commission today and I traded 812 contracts !!!
i get ya buddy.. i'm locked out of my personal account right now for triggering the pattern day trader deal.. what was all the fuss about... why did yahoo drop..