Slow Money Options this week lives up to its name.  Seems that on thursday stocks were up, good time to sell the calls later in day mkts were down good time to sell the puts and 2nd. chance to sell the call were available at the last 30 minutes of the day.  Remembering not to chase pays big dividends.  In Slow Money Option trading the number one thing you want to follow it the Bollenger bands, that will tell you for sure where to sell.

Thursday option recommended trades were sell the SPY 141/142 call spread for .03 credit and or sell the SPY 136/137 put spread for .03 credit.  I was only able to get the puts off and did not get a fill on the call.  This week we saw AAPL earnings and have to say WOW. Both recommendations on AAPL were successful gaining 6% and 5%.

April was great bowing out with a possibility of transitions taking place in the market.   As we started the earnings season, they appeared pretty good but then as we went on, companies were beating earnings but missing on revenue.

Know that means?  Cost cutting measures that companies have been doing for the last 18 months have helped earning to please the investor, but companies are not selling as much as they did last year. increased earnings is no good without increased sales. Is this a sign of the future slowing down on us in 2012?  This is our first dip for the year, so we will see whether it is a slow down before it continues up or whether it is a bearish move in the markets now.

 Are you making money? Please email me and let me know how you are doing. I am trading here for one reason, and that is to help you make money. You are not paying for no reason. If you are not making money please email me. Iif you are then let me know how you are doing. We are all here to make money, I need to make sure I am helping you do that. not why not trade with me.  Let me be you mentor.   Remember the goal is to make money NOT lose money . . .  . 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.