Should I panic about my short position on Apple calls?

Quote from newwurldmn:

That's great. Yeah, I didn't cut them. I did cut my march upside short calls however, they quickly became teenies.

It was my worst trade since I started my fund 6 months ago. Cost me 1% today and I violated a rule of trading into extreme momentum.

The term is crazy and I think that longing may and selling either march or april is a good trade as the vol is bid but may has earnings and it doesn't look like it's being priced in properly. However, realized vol from here should be pretty high in AAPL.
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Yeah, I'd rather be long the vol and short gamma then be short both. I'll probably cut the fly off and get into the calendar if we have a couple of inside days.
 
You have to search first information about it before yous ell something. Tou can see Troll Thread to read more situations like yours.
 
Quote from stevebearman:

I thought I was playing it safe when I sold 90 Feb. 2012 Apple calls at 470 strike price. Apple announced earnings today, and its stock rose from 420 to 450 in after hours trading. What are the possible approaches?

If I want to speak with an expert and get their advice, who would you recommend? How do I even find people to talk to online?

Thanks in advance!
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Nice joke.
 
Quote from ForexForex:

Your stupidity has no bounds. :)
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Given that are clearly the worst options trader on this site, I'll take that as a compliment. AAPL needs to drop $33 tommorrow to go otm. According to my "stupidity", its unlikely to happen. Another "great" call from ForexForex !!!
 
This post still cracks me up !!! It helps illustrate the lack of knowledge some posters have on this site :

Quote from ForexForex:

I am the expert you seek. Let those calls expire worthless and the premium you collected is ALL yours, just hang in there till expiry. They are $20.00 OTM and I don't think AAPL will trade that high.

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47,254 people like this.
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Quote from atticus:

Up 2.70 on the flies from 19.30 avg.
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I converted my booster to callspreads. my position is the following

+.5 mar 500 c
+1 may 525 c
-1.5 mar 525 c
 
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