Apple Inc. (AAPL) 10-29-07 Trade

With apples big news about its new operating system I went long on some 190 calls. I place a good till canceled order yesterday for 3.80. I figured that was a fair price, that if meet I would make some nice gains. Well late yesterday my order was filled at 3.80. This morning Apple opened up, then took a Little pull back then took off. The market finally found out that apple has sold over 2 million copies of its new OS since being released on Friday the 26th!!!!

I thought about holding this position open for a while, but I didn't really want to keep it open during the FED meetings (today 30th and tomorrow 31st). The FED gets investors so spooked over one little thing, and the market takes a dive. So I decided to sell my calls today around 11 ish am. What I am thinking is that the FED will indeed cut the rates, but will say something that will spook the market. Apple along with all the other big cap stocks will pull back some. That's when I will get back in! When the dust settles and everyone is happy about the rate cut, stocks will rally again......

This trade made a 32% profit!!! (in one day)

VMware Inc (VMW) 10-22-07 Trade

Here is a trade form last week I forgot to post. VMW posted earnings last Weds. I bought some 115 call options early Tuesday (mistake, I forgot my golden rule. NEVER buy till after 10:30 am unless I am bearish) Needless to say my calls dropped in price big time, so I doubled up. Now I am in for way too much money than I planned. I knew VMW would go up big, but the option pricing was not reflecting that at all!!! At on point I was down 5K on this trade. VMW opened up the next morning and shot up big (like I expected) My options on the other hand did not. They slowly rose keeping me on edge for most of Weds. I finally got out of the trade towards the end of Weds for a 6% profit.

Apple Inc. (AAPL) 10-03-07 Trade

So after that big pull back I bought some 160 calls. Apple is a very volatile stock. I knew it would bounce back and then rally. There is just too much good news for this stock to continue down after a pull back.

Well I sold my calls this morning for a 100% gain!!!! I know it will go higher from here, but not sure how much before it takes a breather. As it stands right now I left $800 on the table....but hey I live by this saying: Bears make money, Bulls make money, and Pigs get slaughtered.

Apple Inc. (AAPL) 10-1-07 Trade

Here is a trade I forgot to post. I bought some 150 puts about a week and a half ago. I was looking for a pull back that didn't come soon enough. I got impatient and sold my puts for a 15% loss. If I had held on to them and sold a few days later I would have made some nice cash, cause that pull back I was looking for came. It just came a few days later. So this brings me to my next trade....10-3 trade.