Saturday, January 28, 2012

AAPL

http://screencast.com/t/XTs0zi0Iz

6 comments:

  1. Look at you going prime-time! I've never called in because he's always answered any questions via email.

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  2. It was very helpful. Their suggestions seem so obvious to me now, but prior to talking with them those strategies never entered my mind. I would have just watched the trade and probably done nothing as long as AAPL didn't approach my short strike. Now I know how to handle this trade, as well as numerous other similar situations.

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  3. Made an adjustment to my position today following the advice I was given.
    Sold Feb 465/470 call spread for $1.38 credit
    Then I rolled my 435 put down to 430 for a $0.43 debit. Since I am long the 420 put this reduces my downside risk from 15 points to 10 points.

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  4. Obviously selling the call spread turned out to be a mistake, and a $3.62 loser. Can't fault the advice or the trade though, most of the time it would have worked out, I just got run over by the AAPL bull.

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  5. I was short the 445/450 FEB call spread on a 2-lot, lost $690. I'm currently short a MAR 485/490 5-lot but don't remember the credit, somewhere around $1.85.

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  6. Overall AAPL has been a loser for me though I trimmed the losses a little bit by selling Feb call spreads at 520/525 and put spreads at 455/460 that expired worthless.

    I have a bunch of AAPL positions for March. If we get a down move in AAPL I'll probably sell some put spreads and puts to condorize/strangle everything.

    Short Mar 470/475 call spread
    Short Mar 540/545 call spread
    Short Mar 530 calls
    Short Mar 450/545 strangle
    Short Feb4 weekly 460/540 strangle

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