Time Decay - my enemy - my friend.
Last Update:
I sold off the Calls I bought on Feb 28th with a small loss. Timing is everything.
I just wanted to post so people can see that when you have money on the line your emotions sometimes make you back out of a trade. The April 11 calls I bought had about a $200 profit last week, about 8% up for the week. But then I decided to let it ride and soon noticed several other chartists showing some very good points of resistance for AAPL.
I decided today to sell my calls for about a $40 loss and then sell a covered call on the 100 shares I own. I am now looking at my own chart and seeing the MACD begin to turn over and I did not want to watch the original calls I bought decay into nothing.
So although this chart showed I was right about the direction for the week it also shows that you have to pay attention to how much you are paying for your options and not get too greedy. So now I will watch and see if the "March 22 $535", Covered Call I just sold will be my next regret or will make me $475 and let me keep my shares.
Good luck.
I sold off the Calls I bought on Feb 28th with a small loss. Timing is everything.
I just wanted to post so people can see that when you have money on the line your emotions sometimes make you back out of a trade. The April 11 calls I bought had about a $200 profit last week, about 8% up for the week. But then I decided to let it ride and soon noticed several other chartists showing some very good points of resistance for AAPL.
I decided today to sell my calls for about a $40 loss and then sell a covered call on the 100 shares I own. I am now looking at my own chart and seeing the MACD begin to turn over and I did not want to watch the original calls I bought decay into nothing.
So although this chart showed I was right about the direction for the week it also shows that you have to pay attention to how much you are paying for your options and not get too greedy. So now I will watch and see if the "March 22 $535", Covered Call I just sold will be my next regret or will make me $475 and let me keep my shares.
Good luck.
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