Pictures Are Worth Thousands Of Dollars
Going to put in sell orders tomorrow on the 5 contracts of the APVGK’s.
Also going to sell all 39 contracts of the APVGRs that are still in the portfolio. Nope, I did not look at these today so I did not have a chance to get out at $5.20 …whoops, my bad.
Also, if you look back at the either or scenario, we could have gotten either 16 if we took out are original investment or 39 if we played up. Well, I went with the played up version….I really need to watch my portfolio a bit closer… 
So, if these get sold tomorrow on the original $6,000 investment, they should bring in right around $31,000 or $12,880 on the 16 contracts that I discussed. So, not too bad aye?
Now I do think that will probably go up some more, but there are going to be better strike prices and months to play. Plus, there should be another pull back.
I really hope that you became an Apple Monkey too. When I get time, and yes I know I keep saying that, I will go over the rest of the strategy for doing these.
And I will do so when I put up some other plays. I am actually at this moment considering which other projects to get rid of that I am involved in at the moment. Because I get bored easily , I have a tendency to take on a bit too much as times, so I am buried now and school is taking up way more time than I anticipated. Love it and learning a lot, but it is sucking away about 40 hours a week. Anyway, I want to be as transparent with you as I possibly can.
That being said, I am like you, I have other jobs and things that I spend most of my time with, but as you can see, just by doing a couple of plays every month, you can easily blow through 21.5% returns. I don’t have a magic wand, just some understanding of fundamentals.
As I have mentioned, the other thing I do or I should say do not do is listen to the news, or read the newspapers. Seriously, they are all biased and they all have an agenda and that agenda does not include printing or giving you information that is good for you or your portfolio.
But please note, Apple it not the only stock you can be a monkey with and make money. There are usually at least 10 other companies that you can do this with at any given moment. But, I normally only like to play one or two of them at a time.
Are they all this good? Nope, but a surprising amount of them are. If spending more than a few hours a week on these plays did not drive me absolutely bonkers, I would probably do more of them. I have even thought about opening my own hedge fund, and maybe I will some day, but not today.
These strategies will work if you have $5,000,$500,000, or even $5,000,000 in your portfolio. So, do yourself a favor and at least look into doing covered calls and some of these small option plays. Don’t risk your whole portfolio or any chunk that will make you cry if you lose it. But, if done right you will blow the doors off the portfolio managers and you will be able to retire a lot earlier than you thought.
Cheers,
Andrew Anderson
and I Am An Investor
