Why don't you guys try sports betting , it takes less money and your chances are much better.
Quote from ryanpatrick:
I think its time to jump back into AAPL again. Locked in $700 profit on 3/7 with that spread in AAPL, but this time I've just added 3 long AAPL Mar 17, 2012 $550 puts at $9.90. I'll try to leg into a put spread and let run for the remaining days. $2970 for one trade is way too high, so I'll update with the spread once I get that in.
Quote from babutime:
Initially I read "I got a daughter interested in you..."
HAHAHAHAHA
Quote from atticus:
Far too much risk, but I like the position. I'd prefer to spread it off. I haven't gone long a single since IMNR.
Quote from ryanpatrick:
I think its time to jump back into AAPL again. Locked in $700 profit on 3/7 with that spread in AAPL, but this time I've just added 3 long AAPL Mar 17, 2012 $550 puts at $9.90. I'll try to leg into a put spread and let run for the remaining days. $2970 for one trade is way too high, so I'll update with the spread once I get that in.
Quote from ForexForex:
A cheaper alternative to the "AAPL Mar 17, 2012 $550 puts at $9.90", which also might out perform the AAPL puts in percentage is the:
QQQ Mar17 2012 65.00 puts @ $0.58
EDIT: The 63.00 put can be sold for $0.10 to make it a spread.
Quote from ryanpatrick:
I haven't had a chance to review the Qs so can't make a blind trade just yet, but I'll have a look and review the odds.
Quote from ForexForex:
Depending on your sources QQQ is 17.45% AAPL. So if AAPL has a correction it should bring QQQ down with it, and QQQ options are cheaper. If AAPL does pullback next week we will be able to compare the AAPL 550 puts to the QQQ 65 puts, or the equivalent spreads.