AAPL spread chart both put and call

 This weeks chart is a little larger than usual so I can point out something that i feel is important in setting up this type of chart for Options trading.  Notice that at the $500 mark and the $540 mark I have heavy dark lines drawn.  The purpose is so that when I put on a spread I dont have to watch the quotes all day and can go about my day.  All I have to do in peek my head in the room at my computer screen and see that the prices are between those big fat lines.  It is a time saver so now I can do something other that watch the screen.  Can you figure out where the bollenger bands were when I put out my recommendation on Thursday morning?  Need help?  Better ask me while it is fresh on my mind. 

So how did SLOW MONEY OPTIONS do for the week?  Weekending 1/11/2013  Announced 2 trade recommendations.  On the  AAPL trades I managed to get a 10% on the call spread and a 15% on the put spread.   Notice where the Bands are at the end of the week keep that image cause we will play off it next week.  Remember it is not how you start the trade but rather how you finish the  trade.  Do you have these rules memorized yet or at least written down in you Slow Money Options Traders Note Book? 

                            MY RULES . . . SLOW MONEY OPTION TRADING:

      #1 If you receive a 50% return the 1st day take profits.

     #2 If your position goes to .01 credit and there is more that 1 day till expiration close position.

     #3 Risk no more that 2 times you collected premium.  If you collect .05 risk to .10

     #4 Trade at top and bottom of Bollinger bands

     #5 Remember time value is on your side.

     #6 Once price is established DO NOT chase.

     #7 Always take the more conservative trade.

     #8 The later in the week you take the trade usually the lest risk.

     #9 More rules to come : >) Keep it simple

     #10 Put your own rules in play.

     #11 Roll as you last option.

Remember always do the more conservative spread is the reason that I give you choices.  What I do is take all my recommendations just split the money between choices. You can trade just enough to give you an extra days results of trading or trade enough to give you a weeks worth of trading.  The choice is yours take responsibility.

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.  Your results may vary. 

 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.