Short at $632, a little over half of my cash on hand. Target $600-. Time frame 1-2 months. Into the fray.
Ha. I saw his sim trade cited on all the options commentary. Remember, he's a playa. Racked up a 40% gain once on a put trade.
what changed since the 1% move? i don't get it and that's not saying you can't get lucky and make money on it. its at a high and the market is bull. the spreads on $600 options are very rough. if you put the statement on the last trade up people won't think your a sim's trader.
Won't know anything about this until monday, so between now and Tuesday this may make something, but by wednesday this won't have worked and Apple will be breaking $640.
============= Nice pullback, Uncle ; @$199 area Two ways to look @ the outcome of that short on a strong uptrend. If you win, it could be harmful; because then some may conclude the key to sucess is to short early the strongest uptrends. Actualy i see some logic in what you are doing with the time frame of 1-2 months stop. And if AAPL was an average uptrend i may say sell in may /away. But its much stronger than average. I do like your trade better than the gent who sold [to open a position]90 calls; much earlier in the AAPL uptrend
I would short by buying dotm puts 2-4 months out only when pe hits ~21 or stock price ~735.......this would have to happen fairly quickly though.
It's a newbie mistake to expect that kind of multiple expansion, because by then current earnings will be 50% higher, and the forward PE currently at 10 at $630 means a multiple of 21 equates to 21*$63/share=$1,323.
Why is it that everyone blabs about the trend is your friend, yet when there is a strong uptrend invariably everyone wants to short it? Oh, mysteries of trading