Do you mean, on the ex-dividend days?
Code:
Ex/Eff Date Type CashAmount DeclarationDate RecordDate PaymentDate
5/8/2014 Cash 3.29 4/23/2014 5/12/2014 5/15/2014
From $10,000 to $100,000 in 6 months.
- Thread starter GruTrader
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Do you mean, on the ex-dividend days?
yeah, sorry. I mean the exdiv/effective date.
Re: The 9 contracts AAPL $592.50 weekly calls at $2.84 fill.
You guys are way too negative about this trade. With AAPL at 592.33 it could easily surpass $600.00 by Friday for a 3x trade.
My position isn't in such great shape. I have 2 weekly AAPL 610.00 Calls at 0.69 (now @ $0.11), which I bought on Tuesday when AAPL was at 598.00. My Friday's price target for AAPL was $615.00 when I entered the trade.
You guys are way too negative about this trade. With AAPL at 592.33 it could easily surpass $600.00 by Friday for a 3x trade.
My position isn't in such great shape. I have 2 weekly AAPL 610.00 Calls at 0.69 (now @ $0.11), which I bought on Tuesday when AAPL was at 598.00. My Friday's price target for AAPL was $615.00 when I entered the trade.
Re: The 9 contracts AAPL $592.50 weekly calls at $2.84 fill.
You guys are way too negative about this trade. With AAPL at 592.33 it could easily surpass $600.00 by Friday for a 3x trade.
My position isn't in such great shape. I have 2 weekly AAPL 610.00 Calls at 0.69 (now @ $0.11), which I bought on Tuesday when AAPL was at 598.00. My Friday's price target for AAPL was $615.00 when I entered the trade.
Goes effective tomorrow. Shares will open under 590 as a result. I do agree, however. I think the shares could rally back to 595 even with the divie.
Yes, it could. But it could just as easily stay below $595.34, with the calls expiring worthless. It's not the trade itself that I am questioning, but the size of it. If the price goes against the trade, this "10K to 100K" challenge would be effectively over, with the OP remaining balance of $1200.
Day 2:
https://www.youtube.com/watch?v=S8LK5vGDxQM&list=PL9qd9RGCm8pYyDEFQCwZovdnGzlTbZLkG&index=3
Not much action on the closing price compared to my entry. I did pick up an additional $600 in losses, primarily due to theta burning away. Apple has been fairly range bound now for the past 7 days with continuously closing above $590 and testing $600 soon after. Taking this trade in the bottom of the range looks solid to me.
Tomorrow is ex-dividend day, so Apple should be expected to trade $3.29 below today's closing price which would bring it down to the $589 where it loves to bounce. The price coming down from ex-div won't necessary affect my position with the delta greek, but more so with theta. The position will be back in further OTM again, and with only two trading days left on the table, theta decay could get quite severe. If Apple fails to come up with any reasonable bounce in the AM, then I will have to look towards closing the position off due to theta. I would rather re-open the trade with an ATM strike, or 1 strike into the money preferably as we approach Friday.
https://www.youtube.com/watch?v=S8LK5vGDxQM&list=PL9qd9RGCm8pYyDEFQCwZovdnGzlTbZLkG&index=3
Not much action on the closing price compared to my entry. I did pick up an additional $600 in losses, primarily due to theta burning away. Apple has been fairly range bound now for the past 7 days with continuously closing above $590 and testing $600 soon after. Taking this trade in the bottom of the range looks solid to me.
Tomorrow is ex-dividend day, so Apple should be expected to trade $3.29 below today's closing price which would bring it down to the $589 where it loves to bounce. The price coming down from ex-div won't necessary affect my position with the delta greek, but more so with theta. The position will be back in further OTM again, and with only two trading days left on the table, theta decay could get quite severe. If Apple fails to come up with any reasonable bounce in the AM, then I will have to look towards closing the position off due to theta. I would rather re-open the trade with an ATM strike, or 1 strike into the money preferably as we approach Friday.
I would like to point out that on most occasions, if I am initiating a new position and the trade either stays near my entry or against me, I will tune out all the noise on the internet and focus strictly on watching the market. So if the updates aren't there throughout the day constantly, it is not because I have bailed - I will never bail while this challenge is online, but because I am focused on the market. I also tend to turn off all my charts once the equity market closes before and step outside. Sitting down for eight six hours straight isn't healthy.
I noticed that several members here were digging through my instagram account, that's fine. Everything is posted publicly, so I have no issue with specific posts being brought up. One thing some of you should consider is that I am young, only 22 years old. I worked my ass off in the last 9 years to put myself in the position I currently am in. Do I show off in my IG account, yes I do, but unfortunately in my generation and with my friends, this is the sort of stuff that they feed off.
To answer the question regarding purchasing the R8 with cash. When I said cash, I did not literally mean physical cash. The car was paid for with certified check, which in my mind is as liquid as cash to an extent. It is guaranteed for the receiver. I did not want to take out any loans simply because I pride myself on being completely debt free. Would it have been smarter to finance the purchase and place the money into an investment? Definitely. But I would rather remove the headache with dealing with a recurring monthly payment and know I carry zero debt.
I noticed that several members here were digging through my instagram account, that's fine. Everything is posted publicly, so I have no issue with specific posts being brought up. One thing some of you should consider is that I am young, only 22 years old. I worked my ass off in the last 9 years to put myself in the position I currently am in. Do I show off in my IG account, yes I do, but unfortunately in my generation and with my friends, this is the sort of stuff that they feed off.
To answer the question regarding purchasing the R8 with cash. When I said cash, I did not literally mean physical cash. The car was paid for with certified check, which in my mind is as liquid as cash to an extent. It is guaranteed for the receiver. I did not want to take out any loans simply because I pride myself on being completely debt free. Would it have been smarter to finance the purchase and place the money into an investment? Definitely. But I would rather remove the headache with dealing with a recurring monthly payment and know I carry zero debt.
Outstanding, a 22-old year man who wants to live debt-free and refuses to live on credit!
Young man, you are off to a good start, most people your age are doing the exact opposite, here in the US and around the globe, without realizing that debt = slavery.
http://www.youtube.com/watch?v=5BT9E1SRrXU
Appreciate the comment. It is crazy when you see people splurge on things left and right when they are holding onto a five figure credit card debt. It's a slippery slope.
I don't even utilize visa or mastercards. The only cards I have are American Express charge cards that get paid fully at the end of each month. When you begin to borrow money (cc), you begin to lose perception in the value of money.
Hi Tonkadad,
In this particular case (turning 10K into 100K in 6 months), what you are saying is not true.
And where on earth did I ever say that we need to forget about stops and simple gamble with our starting capital, Las Vegas style??
He posted he went long with an additional 4 contracts at 82.50 after his initial long at 85.25. After the SL (80) was blown through and no response from OP in regards to taking it and moving on and then you posted:
âKeep in mind that this thread is about turning 10K into 100K in 6 months (or sooner), so he HAS to take big risks, there is absolutely no way around this.â
I took this to mean you agreed with his decisions; adding to losers, not taking his stop loss, which as far as I am concerned is when it turned into gambling.
My apologies if I am making too many assumptions, no disrespect intended xelite777.
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