AAPL Trades (09/18/12-04/19/13)

atticus · Jan 23, 2013

Quote from atticus:

A complete loss on those bets to 690-700. My reco would be to GTFO of those today. You're not trend trader. You fight every trend in the shares.

What % of your portfolio do these bets constitute? These spreads are within pennies of max loss.

cdcaveman · Jan 23, 2013

Quote from cactiman:

Opened another short term trade near the end of the session.
Still think 500 will hold as Support, and AAPL will start going up again in 2013.
We'll see.

AAPL (Computer-Hardware/Perip Group)
About AAPL: MANUFACTURES PERSONAL COMPUTERS, MOBILE COMMUNICATION DEVICES AND PORTABLE DIGITAL MUSIC PLAYERS
[Bull Put Spread]
Bet: AAPL Closes at 500.00 or Higher on 01/18/13
12/28/12: SELL -1 VERTICAL AAPL 100 JAN 13 500/495 PUT at 1.90 LMT (AAPL at 509.64)
Break Even: 498.10
Max Loss: $310.00
Cost of Trade: credit $190.00 - $3.00 = $187.00
Net % Gain: +60.32% in 21 days
*Earnings Announcement: 01/22/13 After Close*

i'd like to see your PNL related to all this... this had to hurt.. you have been getting long in some way or another through every support you have stated ...

Took2Summit · Jan 23, 2013

Quote from cdcaveman:

i'd like to see your PNL related to all this... this had to hurt.. you have been getting long in some way or another through every support you have stated ...

I don't know if you're reading the same thing I am, but the way I read it was his trade made money if AAPL was over 500 on 1/18. aapl closed at exactly $500 on 1/18 so I'd be guessing it didn't hurt at all!!

cdcaveman · Jan 23, 2013

Quote from Took2Summit:

I don't know if you're reading the same thing I am, but the way I read it was his trade made money if AAPL was over 500 on 1/18. aapl closed at exactly $500 on 1/18 so I'd be guessing it didn't hurt at all!!

opps i read it wrong.. i actually started with credit spreads in apple... i would put them on after the spot had a good rate of change going down.. i quite literally stood in front of the price action.. becauase the otm's get over priced on surges i did well... of course if was off about things i could have gotton hurt.. but i chaulk it up to beginners luck.. and some risk adversion taking hold upon the realization that i was over positioned in the trades..