Sunday, April 15, 2012


Deja vu, Ok a little trouble this week all did not go as planned the SPY put and call trades trade worked great 3% each and the AAPL call 11%, OK so far but here is the rest of the story.  Late in the day I got the execution on the put spread, remember I said it coud not be executed now just wait.  The AAPL put spread for 8% gain I had a choice to make Friday risk having the stock put to me and I could not except that much risk or money invested.  Close the position out at twice my premium (remember my rules) or roll it into next week.  I announced, posted and walked a couple of people through the trades in the Fast Money Trading room that I was going to roll into next week going from the 600/605 AAPL puts expiring next Friday hopefully for a bigger preminum.  It worked out perfectly and I was able to roll for 2.15 credit + the .08 from the origional trade.  Here is what I did: I bot back my AAPL 600/605 @ .40 and sold next weeks AAPL 600/605 for 2.55.  So what does that mean?  First I am still in the AAPL spread but have extended it into next Friday with a much larger crredit of 2.15 plus the .08 from the origional credit. If all goes well I should get to keep most if not all of the $2.23 I have collected by next friday.  Interesting to see what takes place next week, will I have the same decisions to make next week.  We'll have to wait and see.  That is a long time to me


 Overall Im am still bullish on the SPY and AAPL. Are you making money? If not why not trade with me. Remember the goal is to make money NOT lose money . . . Duh . . . . . . . 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.