OK, squeezed out of Apple this morning for a 380% net return.

An Analyst (it always cracks me up how appropriately that term describes most of them) Shaw Wu downgraded the stock today on valuation concerns. Apparently it was OK, last year when it was at 180 but not now. I refuse to get on a soapbox here on my view of Analysts, but your smart so you can figure out what it is.

Here is the squeeze we got out of Apple for the trades to close the positions. This is why you have your orders in before the market opens if you are bailing out. Especially when the stock drops like a rock as it did today.

5 Contracts of APVGK- July 155 Calls sold @ $23.00= $11,500 - Commissions of $14.95 = Net $11,485.05

The ROI as I mentioned before not computable as we had no money in this trade. (more…)

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.