UPDATE: Added to original position. AAPL at $95.14. Bought 2 contracts July 11, 2014 95.71 calls at $0.19. http://finance.yahoo.com/q?s=AAPL140711C00095710
LOL... this guy fxforex is hilarious. I don't think this guy trades at all. I bet he is some junkie on a paper account and 'teaching' people how to trade on the net to burn time. In the past, he argues against spreads and instead for ALWAYS buying open ended options a few strikes OTM like he is doing here because it costs less (replicating spreads costing less). And he does this with weeklys expiring extremely fast during the period with the greatest time decay. Too funny. Another trade gone against him. In another trade he tells someone to sell GOOGL puts that just put him into liquidation this morning if anyone were to actually go through with it. Too funny but I like a bit of humor here and there so he can keep up the good work. LOL
lol @ him teaching people again with his wacky trades. Is that what this guy is doing now? Making bad trades and editing posts to keep up wth an image? I don't get it. Does he have a reputation to uphold here? Too funny.
He has been here under a number of aliases. Editing to fundamentally change the flavor of a post used to be his MO. I haven't paid much attention to him lately. He is a hoot tho, as long as no one takes him seriously.
The 96.00 calls sold at $0.11. The $95.14 calls sold at $0.25. Will post a chart after the market closes.
thats the ticket. average down and sell the random winner, so you can post a profitable exit. the 23 losers expire quietly in their sleep
UPDATE - JULY 11 OPTION EXPIRY SUMMARY No profit on the AAPL trades. The chart below provides an easy way to visualize the trades as they progressed. Total cost $128.00. Sold for $72.00. P/L -$56.00. AAPL 1-week chart. Blue Dot: July 07, 03:58 PM. Started ET thread about AAPL calls. Post #1. Red Dot: July 08, 03:53 PM. Bought 2 contracts 96.00 calls at $0.45. Post #11. Red Dot: July 10, 03:46 PM. Bought 2 contracts 95.71 calls at $0.19. Post #21. Green Dot: July 11, 10:26 AM. Sold 2 contracts 96.00 calls at $0.11 and 2 contracts 95.71 calls at $0.25. Post #25. Earnings coming up: GOOGL July 17 CMG July 21 NFLX July 21 AAPL July 22 FB July 23 AMZN July 24 TWTR July 21-25? TSLA Aug 4-8? PCLN Aug 4-8?