Fast_Money

Monday, February 20, 2012

Another very good option week with one exception! Ok I know what your thinking why didn't I just leave well enought alone and let the AAPL 490/495 just expire.. Hu I say, that is precisely why I have my RULES. Oh, I could have rolled but I saw an opportunity. Here is what played out. Wednesday you got an email saying sell AAPL puts that expire Friday selling the 490/495 @.68 cr, and or then in addition selling the 535/540 AAPL call expiration Friday @.29cr. Following my Rules #1,#2 paying attention. Following Rule #1 the 535/540 closed out same day @ .01 cr. and Following Rule #3 closed out the 490/495 for a .68 loss. Last trade was sell the Friday AAPL put 485/490 for .68 cr. I actually got .90 and let it expire Friday. Yes that hurt but I did not know for sure that AAPL was going to turn. Next day I sent out these recommendations :SPY sell the 136/137 call spread @ .11cr and or SPY sell the 131/132 put spread @ .04 cr. Late in the Day Rule #1 applied to the 136/137 and I let the 131/132 just expire Friday. A word, . . . consistency and risk. I need to slow down a little and continue the 3%-4% weekly returns. I will sleep better and I suppose so will you. As you know our goal is to average 3-4% weekly with consistency following a conservative low risk trading plan and we have exceeded that.

Take a look and see how Slow Money Option Trading went https://docs.google.com/spreadsheet/ccc key=0AjgjBJLwH3rdERid3A0RE1GRFlyaHB0S0VxbHc0Vnc&authkey=COb7xdMJ

Remember if your not a paid up member of the Fast MoneyTradingTeam you will not get the weekly Slow Money Option recommendations. Yes, I expect to publish Wednesday,Thursday or Friday my weekly option trade to the paid up members.

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I hope you will learn from my years experience as a professional trader.

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Fast_Money

Monday, February 20, 2012

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