Sold out of AAPL & QQQQ May Calls / (+AAPL) (-QQQQ).
I’m happy the Fed cut rates because I’m purchasing a home in Oahu (Mililani, HI). So hopefully my actually interest rate for my loan will go down as well. Apple spiked up to $180 and sold me out around $178 at $8. I likely could have gotten more, but I can’t watch the market so I’m happy that my GTC order was sold out. As for QQQQ. I’m just going to take a small loss and take that couple hundred dollars and put it into something else like Visa (V) because the QQQQ’s did not move like I thought they would with all the Tech moving.
My order:
4/30/2008 11:08:37 AM (ET):
Symbol: .APVEO
Description: AAPL MAY 175 Call
Stock: AAPL at 178.75
Action: Sold To Close
Quantity: 1 contract(s)
Price: $8.00
Commission: $14.95
Reg Fees: $0.01
Net Amt: $785.04
Bought Price $5.40
Profit $220
Sold out of my QQQQ calls:
4/30/2008 3:47:52 PM (ET):
Symbol: .QQQEX
Description: QQQQ MAY 50 Call
Stock: QQQQ at 47.26
Action: Sold To Close
Quantity: 30 contract(s)
Price: $0.10
Commission: $45.00
Reg Fees: $0.01
Net Amt: $254.99
Bought Price $.14
Loss $120 (-$150 w/fees)
This entry was posted on April 30, 2008 by Paul. It was filed under trading stock options and was tagged with 2008, aapl may call options, fed rate cut wednesday april 30, loss, profit, QQQQ.
Well done on AAPL!
May 1, 2008 at 1:58 am
I know you are a big Apple fan. Have you seen this? I don’t know if it will do anything for your trades, but it is an interesting bit of information (if true…..):
http://www.importgenius.com/blog/iphone
June 5, 2008 at 7:35 pm
fred,
i knew about this a month ago. old news but very promising news for stock price to go up in june.
June 6, 2008 at 10:02 am