Sunday, April 8, 2012

Only one new option trade this week on thursday and that was the last trading day for the week I sent to subscribers my recommendation to sell AAPL 635/640 put spread for at least .05 credit.  But it scared the hebe gebe out of me because  like last week I came extremely close to rolling into next week and about decision time AAPL turned and started deteriorating and the time value help enormously. The AAPL 590/595 put spread that I rolled last week to this expired and finally instead of 2-3 days I had to wait a whole 9 days but netted 147% credit.  It worked out great but I would rather have 3-4 % predictable week in and week out.  I'm getting too old for this.


 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.