WOW! what a week AAPL was all over the place, rules have to be followed and this was a good example why.  Remember last week had to roll the AAPL 600/605 puts and took in $2.15 + .08 credit from the previous week.  Remember rule #1?  If you make a 50% return and there is more that one day left, please take it.  I know sometimes you could make more but the opportunity exists with that rapid of a return to do it again or find something with less risk.  Remember were always going to choose less risk.  It may not be as much fun or exciting but I have found other ways for fun and excitement. Wednesday AAPL was running back to the $618. +level and the premiums for the 600/605 credit spread was more that 50% lower that what I had collected.  I closed out at $1.11 credit. Thursday and Friday proved why you follow your OPTION TRADERS NOTEBOOK RULES.  Remembering why we trade, following our business plan and the rules to which we apply.  

Thursday option recommended trades were sell the SPY 140/142 call spread for .03 credit and or sell the SPY 134/136 put spread for .03 credit.  Where able to collect on both.  This week were seeing AAPL earnings  could continue to slide.  One thing for sure AAPL will continue its fireworks and huge, premiums stayed tuned.  I am expecting the next couple of weeks to see the markets decline and volume slow.

Overall Im am still bullish on the SPY and AAPL. Are you making money? If 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.