Apple Puts – Back to Zero +50% Feb 2013
Sold out around 9:50am in the morning for a +50% trade (+$2000 but actually only to my existing start since Jan 13′ so I’m neutral once again). I’m glad I set my alarm and woke my ass up. My puts closed at around I sold them but I know right after 10am as the stock moved up I would of sold for a smaller profit so it’s good I didn’t get greedy. Apple didn’t fall hard into the next trading day which gave me another insult to my prediction and watching it for 15 minutes early trading it felt* like it was resisting to fall which gave me an immediate reason to exit. Now, what would have been super fantastic is that it would have opened gapping much lower 8-10 points but this wasn’t the case…So what’s next? I’ve been following a penny stock that went from .09 when I thought about purchasing it and went to .50. (a big +$20,000 gain) but woulda coulda didn’t happen. Now at .44 I’m going to just have to pass it even if it does move to $1.00. Just not worth the risk now. Damnit. I really wanted to pay off those credit cards I swear! The stock market sure does hit you hard when it plays hard to get.
The market is suppose* to pullback. We are going into warnings season so if this does happen* within the few days it pulls back hard I’m going to buy a favored tech stock calls thereafter likely far out of the money. Until then… ciao.
This entry was posted on February 14, 2013 by Paul. It was filed under trading stock options and was tagged with apple put options, big gains, feb 2013, penny stocks, trading stock options on tech stocks, warnings season.