Vertical Spreads for Aggressive Growth

Quote from Cache Landing:

Today's Action

BTC 3 SPX JUN 1235/1245 P @ 1.65 (ave.)
BTO 2 JUN 1245/1255 P @ 2.00

Year to Date P/L

Account Value: $13,093.00

YTD Gross P/L: 3,540.00

YTD Commiss: 447.00

YTD Net P/L: 3,093.00

YTD % P/L: 30.9%
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You guys want to know what's cool? I was just going over my trade confirmations and found out that I got filled on the conversion @ 2.00 instead of 2.05. I'll tell you what, it's like finding a twenty dollar bill in your pocket that you didn't know you had.:D
 
Today's Action

STC 6 AAPL JUN 70 c @ 0.20

Year to Date P/L

Account Value: $12,649.00

YTD Gross P/L: 3,105.00

YTD Commiss: 456.00

YTD Net P/L: 2,649.00

YTD % P/L: 26.5%


A series of dumb mistakes, all lead up to an unfortunate situation. I'm batting 1.000 on AAPL this year.:mad:

Anyway, I'm very cautious right now with my opinion on the market. It seems that tension is building into the CPI/ beige book release. I don't want to get caught with my hand in the cookie jar.
 
there goes my cheap condor. glad i closed some of the original vertical before converting. things like these remind me why i always close half of the initial position or close to it when converting.
 
Bought APPL JUN 60P which is running nicely today. I have my sell trigger set for when AAPL hits $56 and stop-loss @ $63. If today's trend follows on tomorrow, I'll change to a $1 trailing stop-loss.
 
Quote from Crucis:

Bought APPL JUN 60P which is running nicely today. I have my sell trigger set for when AAPL hits $56 and stop-loss @ $63. If today's trend follows on tomorrow, I'll change to a $1 trailing stop-loss.
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Yes I absolutely love it when I don't follow my own advice. I knew that going bullish on a box maker right now was a bad idea. Glad to see that someone got it right.
 
if i were to trade appl at these levels it wouldnt be a bearish trade but i didnt get it anywhere near right with my chip sector bets lately so bearish should probably be the way to go LOL
 
Quote from rallymode:

dont you hate when you close at the bottom?:D not that it mattered much
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Actually if you want to get technical, I didn't close at the bottom. I closed during the first 2 minutes yesterday when AAPL was positive. Now, even with the jump today it is barely up to where I closed and the 70 calls are selling for less than I sold them for.

But... it still was a stupid trade and I deserved to lose the money that I lost. I can't seem to read AAPL so I think I will be strearing clear of it for a while.
 
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