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.

Apple Inc. (AAPL) 9-25-07 Trade

Apple has been on a tear lately. I bought a few 140 calls yesterday and quicly sold them for a 3% gain. I wish I would have held them till this morning!!! I would have had 49% gain.....oh well.

Apple Inc. (AAPL) 9-06-07 Trade

Apple has been all over the news and in my opinion it's all been good! But some investors are just plain stupid....They hear one thing and think that's the end, so they start selling off. When the big picture has not changed one bit!!!
oh well their loss!!!
so...
I bought some Sept 140 AAPL calls on Thursday 9-6. The day before AAPL investors got spooked and started selling off, so I bought as they sold. It keep falling as the day went on. My calls fell over $1, so at the end of the day I doubled up on my position. Friday was an up day my calls were in the green. Monday was an up day, Tuesday fell off a little and today (wed) it up nicely. After I doubled up I gave myself a target price to sell, well today it hit that target so I sold @ 3.40. This trade made a cool 62% gain in 4 trading days.

Apple Inc. (AAPL) 8-28-07 Trade

Yesterday I bought 10 sept 130 calls at around 2:00 for 5.60....not knowing the FED meeting minutes were being released as I hit the execute button. So about 10 minutes later I was down 1.00. So I doubled up at 4.50, cause the market in my opinion over reacted to the FED's misleading and confusing meeting minutes. They didn't say they were cutting rates and they didn't say they weren't, so people got scared and started to sell off. The market sank, along with my options.

So when I doubled up my cost basis went down .55 cents, so I am in at 5.05 per contract.

This morning (8-29) the market was up, and Apple popped over $4 bucks, my options popped as well. So I sold my 20 calls for a quick 18% gain.

Trade Update 8-21-07

It's been awhile since I have posted any trades. Over the last 2 weeks I have done way too many trades to post. To be honest I can't even remember them all. They have all been with Apple though, and all were small gains. Apple has been on a roller coaster, great for trading. Has to be watched closely cause price moves fast!

Cvs Caremark Corp - (CVS) Trade 8-7-07

Bought some CVS Nov. 37.50 calls. CVS came out and reported a nice quarter and the stock responded. Probably sell between a .50 cents and $1 gain. Got in at 2.40.

Update 9-26:

I sold my calls this morning at 2.90 for a 21% gain.

Apple Inc. (AAPL) 8-06-07 Trade

With Apple opening this morning on the up side, I bought some 130 put options. I knew it would pull back, and sure enough it did. I had to hedge my earlier apple call trade (which I am getting destroyed in right now) I sold my puts for a quick 33% profit.