Should I panic about my short position on Apple calls?

C'mon, you get to keep the premium.

It's the stock position you end up with that hurts


Only sell naked options on stocks you're willing to own (or be short)

 

Thanks to ignore, I won't be reading any of his ignorance.

 

My advice is to kill yourself.

 

+++

I spent a couple years learning how to take the other side of that trade. When it works, it work$$$$

 

you guyz still floggin this thread......?

the troller has left the building.

you need to get better bullshit meters.

ebay.com
use paypal to protect your purchase.......

cheers,

s

 

No, that's not the point. The point is his timing: right BEFORE earnings season ?
That is not a good time to be shorting premium.
Met another trader who did the same thing using a GOOG Iron Condor. Lost his shirt after earnings came out.
He thought he was far and wide enough....not to get hurt.

 

=============
Good points.

And plenty of those that; went ''skyhigh''[l100%,200%,300%,400%,500%]...;
were tek stocks,
tek stocks in a bull market,
tek stocks with strong earnings,
tek stocks that had no earnings.LOL Alan Farley's Swing Trader book is full of them,Tek stocks that trend sky high.AAPL,MSFT,Exodus Communication...

Good thing about cutting a loss/ paying an insurance claim;
some get to stay in business that way.

Accidents dont ''just happen''; they are caused;
my insurance co always notes my age, crash history/ claim history, {debt level believe it or not}...Hope this helps.Wisdom is profitable to direct

 

Such great advice on Elite Trader.

 

Still OTM for now with 11 days left.

Only 11 more days left for him to wait.