Sold AAPL Short Call:
As a quick update to our $20k in 20 minutes class. We sold the short side of our AAPL bear call spread this morning. We took a pretty good hit on it but expect to fully recover by holding our 120 call as the stock moves higher. More analysis will soon follow.
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3 comments:
How do you filter the target stocks - Do you have a list of stocks that you follow or search criteria?
I was up all night trying to interpret my notes from last night's discussion on AAPL option May09 115 call. I did finally get the virtual trade entered, and then could NOT figure out how to set up a stop.
Does anyone have any idea as to where Jeremy showed us how to enter a stop???
I wrote down to set stops at teh 10 or maybe 5 day EMA. I just bought another May call & set the stop at 119.45. Looks like apple is thru thte 200 day MA. I don't see any more resistance until 125.48. How about you. I'm a L1 virtual trader too. Made $1500 onthe last Apple May call. Sold it yesterday.
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