Generation Z weighs in on today, tomorrow, and how we can look to the future. My son, affectionately know as "T", gives me unique insight into how the youngest of generation Z sees things in todays rapidly changing world.
Monday, May 17, 2010
AAPL
So with only a few days left until expiration I closed my AAPL position today at $1. Even with huge blowout earnings numbers and a tidal wave of momentum I managed to make a profit on a short AAPL options trade. If you recall I sold the options for $1.65 per share and now had to pay $1 to close it out leaving me a profit of .65 per share in less than a month's time. This gives me close to a 6% return on money put at risk, taking commissions into account, in a month's time.
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