You guys want to know what's cool? I was just going over my trade confirmations and found out that I got filled on the conversion @ 2.00 instead of 2.05. I'll tell you what, it's like finding a twenty dollar bill in your pocket that you didn't know you had.
Today's Action STC 6 AAPL JUN 70 c @ 0.20 Year to Date P/L Account Value: $12,649.00 YTD Gross P/L: 3,105.00 YTD Commiss: 456.00 YTD Net P/L: 2,649.00 YTD % P/L: 26.5% A series of dumb mistakes, all lead up to an unfortunate situation. I'm batting 1.000 on AAPL this year. Anyway, I'm very cautious right now with my opinion on the market. It seems that tension is building into the CPI/ beige book release. I don't want to get caught with my hand in the cookie jar.
there goes my cheap condor. glad i closed some of the original vertical before converting. things like these remind me why i always close half of the initial position or close to it when converting.
Bought APPL JUN 60P which is running nicely today. I have my sell trigger set for when AAPL hits $56 and stop-loss @ $63. If today's trend follows on tomorrow, I'll change to a $1 trailing stop-loss.
Yes I absolutely love it when I don't follow my own advice. I knew that going bullish on a box maker right now was a bad idea. Glad to see that someone got it right.
if i were to trade appl at these levels it wouldnt be a bearish trade but i didnt get it anywhere near right with my chip sector bets lately so bearish should probably be the way to go LOL
Actually if you want to get technical, I didn't close at the bottom. I closed during the first 2 minutes yesterday when AAPL was positive. Now, even with the jump today it is barely up to where I closed and the 70 calls are selling for less than I sold them for. But... it still was a stupid trade and I deserved to lose the money that I lost. I can't seem to read AAPL so I think I will be strearing clear of it for a while.
Well, my AAPL 60P hit my stop-loss for a break even, less commish. See Cache, you were right to stay off AAPL.