<p>So as its turning out, since most of my put spreads were bought otm and my 480 call was itm, I have a significant profit. The big question is whether to sell now or wait closer to expiration.</p>
<p>That’s your call…</p>
<p>I tried to get some trades off today…but I wasn’t successful…</p>
<p>If the stock stays around here, I’ll make more money near expiration. The big question is where does aapl go from here over the next few weeks. Perhaps it will test the 644?A lot of people have difficulty knowing when to take profits - I’m one of them. I usually take them too quickly.</p>
<p>It is really difficult knowing when to take profits…</p>
<p>But it is a nice problem to have. :)</p>
<p>So I guess I’ll hold until expiration. Maybe the put spread part of the call - put spread pair, I’ll unload when I see whether or not aapl fills in the gap.</p>
<p>Ok…don’t ever feel you are fenced in once you say something on here…</p>
<p>If you change your mind and want to do something not mentioned here…just do it…</p>
<p>I hear people… they say something…and then their thinking is hindered…their thinking works around what they have said …instead of what they see…</p>
<p>Having said this …I did the may 660-675 call spread 1 by 2 for a credit.</p>
<p>I don’t see AAPL at 690 in 4 weeks…</p>
<p>I also sold a few apr 670 calls.</p>
<p>I reserve the right to change my mind. :)</p>
<p>I’m not certain what you mean by “may 660-675 call spread 1 by 2 for a credit”. Did you buy 1 660 and sell 2 675 calls or did you sell a 660 call and buy 675 calls?</p>
<p>I bought the may 660 calls sold the may 675 calls…</p>
<p>So at expiration I make money between 660 and 690…On the spread…plus I get the credit…</p>
<p>I don’t really plan to hold this spread to expiration…</p>
<p>Even if the spread stays below 660… I make money because of the credit…</p>
<p>I could have just sold the 690 calls naked…</p>
<p>But I think the ratio spread I put on is going to go to trade at a debit…eventually the 660 call is going to eventually trade for more than 2 675 calls…so…I can make more than the credit…</p>
<p>Plus…I have the chance to make more if AAPL keeps rising…up to a point.</p>
<p>I bought the may 660-675 ratio call spread for a 1.15 credit.</p>
<p>sorry to divert the AAPL talk, but it was a great day for CF longs!</p>
<p>Lol…</p>
<p>I am guessing you own some CF. :)</p>
<p>12,000 DJIA before 13,500…</p>
<p>How much are we betting?</p>
<p>This is for me…so
I know where to look…</p>
<p>[Available</a> Weeklys](<a href=“Cboe Tradable Products”>Cboe Tradable Products)</p>
<p>The Fed’s implicit backing has caused the great bull run, if the economy had to stand on its own merit,we’d be much lower…In search of yield, knowing the Fed has no plans to raise rates until 2014,has caused many casino players,err investors,to plow into stocks…YET, even given these facts, many people are choosing not to play the game…in flows remain weak, retail investing is still low, so the game is being played by the pros…</p>
<p>I agree with your whole post…</p>
<p>Public participation in the markets is low…</p>
<p>Lots of AAPL action here. Next event is WWDC in June so probably quiet for a while (quiet for AAPL that is). I could see a lot of Mac upgrades if AAPL puts a retina screen in their Ivy Bridge refresh for the professional market. A 15 inch MacBook Air would be popular for business folks and engineers.</p>
<p>BTW, trying to write options on INTC - premiums not too attractive right now. Waiting for a higher stock price to sell them.</p>
<p>Yeah…on the plus side …Intc isn’t that volatile…on the downside…the premiums are low…</p>
<p>I used to sell premium in intc…i am not that excited either…</p>
<p>I might sell a little…very little…</p>
<p>I’ve been long INTC (since 1994). Too bad I wasn’t long AAPL. There were so many times I could have picked it up along the way. Now I am just going to bypass the frenzy.</p>
<p>I’ve made a rule for myself: no options trading, no going on margin…although I had to go on margin in 2008 to dig myself out of a hole. :rolleyes:</p>
<p>Going to sell some CF and then take a break for awhile (sure, sure). Seriously thinking of getting out altogether ( sure, sure, sure).</p>