Will put some numbers to this and a more lengthy explanation, but the virtual portfolio for the Investing Challenge is doing fine but I need to add a trade for Friday.

10 contracts of Apple August, $155 Calls. So, I am going to round the numbers andgoing to call it $6,000 even though it is actually up about $400 already. Don’t normally do a lot of options but, this was too good to pass up.

The were under $6.00 for the better part of the day. Have to keep an eye on these but, I think we sell half at $12 if they get there before May and keep the others until the June numbers come out. From what I have seen, $150 looks like it could be here soon and I think $180 or $190 is possible.

Now if they would just make the iPod a bit more intuitive when adding songs. I like iPods but truthfully their upload interface sucks, but not their stock thankfully. Bad idea to bet against Job’s any day of the week.

This entry was posted on Sunday, March 23rd, 2008 at 3:32 am and is filed under 20 Percent Plus Returns, Investing Challenge, Options. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.