Its a good lesson on options trading and how some posters on here ( like ForexForex ) are totally clueless. It doesn't matter if its real or not. 90% of the posted trades on this site ARE NOT REAL. For example, I stated the trade could lose $350,000 and recommended covering at a $13,000 loss. Lo and behold, that $350,000 loss estimate was pretty accurate. So how would you make money on this ? Answer is pretty obvious.
What is the point about posting bs "corrections" on real events that are public domain ? Bottom line is, in the past two months you've recommended the worst two trades on this site.
Historical Quotes for AAPL Feb12 470 Call January 23, 2012 Open = $1.44 Low = $1.44 High = $2.02 Close = $1.98 Volume = 2,088
( Should be Feb 18s ??? ) Most of the P/L numbers on this thread are wrong then. The 0.26 post say "JAN" calls ??? I understand why I overlooked this, given that JAN wasn't relevant. Typo ??? Or more jokes ???
I was referring to this post : I'm not sure why "Jan" was chosen in this post, but it fooled me. Wouldn't have changed my recommendation to exit the position though, especially because the gain/loss might have been fairly negligible at the time.
I see were the mix up is. Even though the OP stated February options zdreg must have dragged up the January weekly options that expired on Jan 27, 2012. Now those 470 calls were probably going for $0.26