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Exercise and sell immediately

I would take the money. "A Bird in the Hand is Better than Two in the Bush"

Trade still open, down 50%. Expires on Friday. Then onto the AAPL/QQQ earnings play for October 18. ----

I don't think there has ever been a correlation between GOOG and AAPL during earnings.

Wow ........ It takes 62 posts to try and explain why the short call option position of a CC is in the red after the stock rises about 8% within days of selling the calls. And to make matters worst the OP is a regular with 1500+ posts. Sad day for EliteTrader when these sort of threads are...

I agree .... the earnings will be great. But AAPL will still go down.

AAPL Earnings - Oct 18 Buying QQQ Call options have produced bigger returns than the AAPL options during the last two earnings. AAPL is 14% of the QQQ. I'm leaning towards buying Puts this time around, and probably QQQ puts instead of AAPL puts. The big reason for puts is because of Steve...

This mathematical formula should help. IronFist + Registered Dec 2005 + 1531 Posts = Clueless

He had a liver transplant

In a few weeks Steve Jobs's biographer - Walter Isaacson - will be releasing his book. I'm sure he will go over some of the remedies that Steve Jobs tried.

Not going after a home run. 10% here, 8% there etc. And then within a few months PurpleOne's account would be in the green. :) --------------------- Option Expert

You are a little late with your criticism, trade is long over. When it comes to options you have to be quick. You snooze you lose.

Sulfur Hexafluoride <iframe width="420" height="315" src="http://www.youtube.com/embed/1PJTq2xQiQ0" frameborder="0" allowfullscreen></iframe> ------------------------------------ YouTube user NurdRage as lots of interesting science experiments...

SOLD Due to multiple offers the final selling price was considerably higher than my asking price of $1.50.

I believe that the market makers have to guarantee the bid/ask on about 10 contracts, so I assume an order of $500,000 might require a quote first. ---------------------------------- The market gives us Lemons, I make Lemonade :)

Good call - up about 10% after one day.

LOL :) Try explaining that load of BS to PurpleOne.

That's what got him into trouble in the first place, he was selling premium when volatility was very high. Sell high, buy higher. 3 month chart of the overall market Not a good time to be a seller of options.

Assuming the stop wasn't hit. No stop was mentioned in the "what-if" trade, but a stop should be included.

Once the future position hits the stop then you are out, even if there is rebound - no stops with futures would be insane. With options you don't have to worry about getting stopped out early and you know your maximum risk from the beginning. Also I think options pack more punch if you have the...