Paul Meyer Buys Houses

Sold out of AAPL Calls + 100%, still in QQQQ Calls.

Finally got sold out of AAPL Calls on 4/18/2008 12:16:26 PM @ $161.33 … If Google’s earnings were opposite (negative) then likely AAPL would have fell just as much. With tech being so positive stocks that have been pounded it seems after a really positive earnings have springed back up to their highs meaning AAPL is predicted to have a slamming good report which could pop the stock past 180’s if it goes up 10% such as Google. Made $3000 in 18 days, but could of earnings $2700 in less that 8 days if I would have sold out earlier if of course I was just watching the market without having to be at work.

Symbol: .APVEI
Description: AAPL MAY 145 Call
Stock: AAPL at 161.68
Action: Sold To Close
Quantity: 3 contract(s)
Price: $20.00
Commission: $14.95
Reg Fees: $.04
Net Amt: $5,985.01
Original investment: $3,000
Profit: $2,985.01 or 95% (100% without fees)

Now my plan is (as for the entire year) before I make any really bad irrational decisions with my profits is to withdraw the +$3000 made + $2000 of the initial $3000 I used to trade with and put it back into my bank account to be used towards buying another property/save for future use. So that’s a total of $5000 being withdrawn and $1000 being left over to trade again (likely to use to go through on AAPL earnings).

One response

  1. Steve

    Nice Job!

    I’m just getting into trading stocks and don’t really understand options. Any suggestions for educational material, concept, strategies, etc.

    Good luck on your next one!

    April 23, 2008 at 3:49 am

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s