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.

No comments: