Options Trading With Apple (AAPL)
See below for some of the various option strategies.
Options I have baking in the oven.
|Max credit by Jun 8th exp. $244|
|Looking for AAPL 185 Call to go higher this summer|
Today my P&L was positive $152, or I could say I was visiting "Profit Island", a phrase a shamelessly stole from Rhiese over on his blog Trading & Stuff. The trader I want to be is the kind that trades 70% options and 30% day trading.
Options give a trader the ability to lock in the profit as well as the risk. At the end of the day, we are all trading because we believe we can identify and minimize our downside risk. Currently, my winning day trades gives my account that quick injection of P&L that makes trading feel worthwhile. However, with every winning trade, I have been prone to overtrading digging myself a deeper hole to climb out of.
Hope we all end the week, month, year on "Profit Island"!