Thursday, January 28, 2010

Like i said... Blow whats left

Did i see a sell off coming... sure...

That's AAPL... buy on hype, sell on news... unfortunately i didn't buy any put insurance. I have lost on both ends again and was determined to go with the stock going forward.

My Mar call has been bought @.40 is currently worth .25
My July call bought @.9 is currently worth .50

Its no wonder my wife tells me a last night... "I think you should just do stocks - Options are too risky." Hmm the market sure made a point...

I hate to say it... Cramer was right on this one...
He said to be ready to buy when the sell off happens post Tablet news... but go long from there...

In any case... this $ has been collecting dust.

It seems as tho i will have to wait for the iPad to actually start selling to get any traction on my options. My March call seems outright dead... July holds out hope and now a January call is entirely possible... but the puts are out of my range.

Stuck again...

4 comments:

Doctor FTSE said...

Ever tried selling wide spreads "short" on your DOW or S & P Index?

Best wishes

FTSE, BTW, is the UK Financial Times Stock Exchange Index of 100 leading shares.

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Quintanilla Nicasio said...

Both ends are not the problem, it is the stock