Yesterday with Apples morning sell off (which was totally not justifiable) I bought some Aug. 150 calls. Mid afternoon it shot back up and I had a nice 27% profit. But I decided not to take it and set a stop loss at a 5% profit. Well later that day starting at 1:30 to be exact it started to sell off again. I got stopped out my stop price and made a 5% profit on this trade.
I would have usually taken the 27% gain and walked away, but with Apple reporting today after market closes, I felt I would have more upside. So around 3:00 I bought more Aug. 150 calls.
This morning it shot up with a nice 28% gain, but was short lived. I did not have time to place my sell order to capture that gain. The stock started sell off quickly again, so I double my position and watching with a close eye. I still feel that the sell off is B.S, Apple will come out and report later today and beat the streets expectations. AT&T's numbers were totally bogus. AT&T is not going to make as much money off the iPhone as everyone thinks. AT&T pays Apple $3 a month for every iPhone, plus another $8 a month for every NEW customer who came over to AT&T just for the iPhone. There has been (so far..only a month) 70,000 new customers. So right there is over 5 million dollars a year for Apple coming from AT&T.
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