Should I panic about my short position on Apple calls?

ForexForex · Feb 8, 2012

Quote from Nine_Ender:

100% in context, you just didn't put the bs "I was joking" follow up post after your recommendation got destroyed. You seem to have a knack for recommending other people lose tons of money.

?

gptrader · Feb 9, 2012

The original post is a fraud. It would take 1.5mm of BP risk margin to naked sell 90 AAPL calls. It was fun while it lasted, but it would take an moron to the max to execute this trade with tons of free capital.

zdreg · Feb 9, 2012

please post the list of posters who said the op should hold on to his position

Nine_Ender · Feb 9, 2012

Quote from ForexForex:

?

Pretty clear what you recommended. I'll post it again, you seem confused. Entirely in context the trade is still live we are still more then a week before expiry.

Second recommendation you've made in the last two months that would have destroyed a trading account 100% gone. This one is even more impressive, you'd risk the guys house too to make less then $3,000 premium. Current loss approx. $152,000.

Note that around the time you posted this I recommended covering for a $13,000 loss.

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.

47,254 people like this.

jo0477 · Feb 9, 2012

Quote from zdreg:

please post the list of posters who said the op should hold on to his position

Lol, I agree there is no possible way this position could be real... Very entertaining though, if he's still holding he's about 160k in the red now? Assuming he pocketed about 2k or 3k on the short... One of the best calls on ET to fade for a long time, wish I'd jumped on it!

gptrader · Feb 9, 2012

This was a fun thread, the trade never happened. The margin to carry this sale is close to $1mm. You can't go naked without using margin, in this case, alot of margin. No broker takes this risk.

spindr0 · Feb 9, 2012

Quote from sumfuka:

The only thing missing in the pic is a dim sum takeout box.

I'm wondering where Forex-Forex's DSL connection is?

spindr0 · Feb 9, 2012

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.

4 people liked this.

I hope they used plenty of lube for that.

ForexForex · Feb 9, 2012

Quote from Nine_Ender:

Pretty clear what you recommended. I'll post it again, you seem confused. Entirely in context the trade is still live we are still more then a week before expiry.

Second recommendation you've made in the last two months that would have destroyed a trading account 100% gone. This one is even more impressive, you'd risk the guys house too to make less then $3,000 premium. Current loss approx. $152,000.

Note that around the time you posted this I recommended covering for a $13,000 loss.

LOL You are the only one on ET that thinks this is a real trade, it's obvious that stevebearman started this thread as a joke. He sure sucked you in.

You probably think the above picture is real. It's not, I added the text from a picture I got off the internet.

Nine_Ender · Feb 9, 2012

Quote from ForexForex:

LOL You are the only one on ET that thinks this is a real trade, it's obvious that stevebearman started this thread as a joke. He sure sucked you in.

You probably think the above picture is real. It's not, I added the text from a picture I got off the internet.

Buddy, we all know the trade is most likely fake, I've posted that myself weeks ago. But it serves a purpose, to reveal that clowns like you lack any trading ability or common sense.

The open interest and trading volume indicates that although this guy likely isn't real, there are many traders taking both sides of this trade and making or losing lots of money. Which makes it a useful exercise. Maybe not to a clown like you though that doesn't understand trading. Stick to your one lot declarations where you try to catch an imaginary profit less then $1000 and trumpet the trade as something great. Those trades arem't real either. Almost everything you post isn't real. So just what is the point of you being here then, using your logic ???