The SPY (S&P) as we trade it saw some contractions with the Bollinger Bands, but the last couple days have spread out again.  After moving sideways with a bearish biases the last 2 weeks, the SPY shot up the last 2 days and we were able to get a 4% trade off the call spread. Since we shot outside the upper band, I would expect the stock to pull back in at some point. It can either move sideways or slightly bearish before it continues to move up-- if this is the case. We will be prepared to take advantage of the consistency in the trade.  This week AAPL is expected to announce a new Iphone and possible a new product.  My target on the upside is $720. Lets just be patient. Yes you can buy AAPL like I said in the room last week or just buy the at the money calls wait till after the announcement to sell or if you have doubled your money could take the sure thing.  Our 2 option spreads both proved to be highly successful again.

 I received from Robert, Penny, Sid, Cliff, Mark and Sojourner , very positive emails, congratulations on your success.  

I am trading weekly options to help you grow your portfolios a little each week. We are either making money or not losing money.  Thank you for letting me serve you, I consider it a privilege to work with each of you.  I strive to make a successful trade one week at a time, 

 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.