*****UPDATE****7/13/11

$AAPL 610 PIN LOOKS LIKE A VERY REAL POSSIBILITY HERE. I HAVE AN ORDER TO SELL AT 6.00 CREDIT ON OUR JUL13 605 CALLS RIGHT NOW BUT WILL ADJUST DOWN AS THE AFTER NOON GOES. FEEL FREE TO SELL WHENEVER, I WILL WAIT FOR AT LEAST 3 OR MORE CREDIT UP TO 6 CREDIT RECEIVED.

*****UPDATE*****7/12/11

WE DID END UP GETTING STOPPED OUT OF THE AAPL PUTS, AND OUR EXECUTED MARKET PRICE ONCE THE STOP TRIGGERED WAS $8.40.

WE HAVE NOW RECOVERED 8.40 OF THE TOTAL 8.65 COST OF THE STRADDLE, AND ALSO STILL HAVE ALMOST FREE AAPL CALLS AS A RESULT! NOW WE CAN LET THEM RIDE, WITH NO SLEEP LOST. I SAY THIS BECAUSE IF THE CALLS END UP WORTHLESS TOMORROW, WE WILL ONLY HAVE BEEN OUT 2 CONTRACTS AT .25 LOSS OR $50 AND COMMISSION, SO WHAT!I SAY!

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*****UPDATE***** 7/12/11

PLACE A STOP ORDER ON THE AAPL PUT SIDE @8.65 

IF THERE IS A RUN UP IN AAPL WE WILL BE PROTECTED FROM ANY LOSSES THAT WAY.

Order Details

Action Amount Option Description Price Duration Qualifiers
Sell to Close 2 Contracts AAPL Put AAPL Jul 13 2012 605.00 Put Stop 8.65 Day None
Est. Trade Value: $1,730.00
Est. Commission: $6.25
Estimated Fee: $0.11
Net Cash Result: $1,723.64
Quote AAPL   595.91   -8.52 Bid 595.90 Ask 595.91 Volume 6,427,449
AAPL JUL 13 2012 605.00 PUT
Bid 9.90
Ask 10.10
Last 10.00
Change 5.60 [127.27%]
Volume 4,837
Delta -0.75
Open Int 6,735
Desc AAPL Jul 13 2012 605.00 Put

*********************************************************************

CORRECTED TRADE TITLE TO REFLECT 1:59 PM ENTERED NOT 12:59PM, WE ENTERED RIGHT BEFORE THE FOMC NOTES 7/11/12

USED LESS THAN 13% ACCOUNT AT RISK

*********************************************************************

7/11/2012 1:59PM

WE ENTERED AND EXECUTED THIS TRADE LOOKING FOR A REACTION ON A CHEAP $AAPL JUL13 605 STRADDLE.

BREAKEVEN IS 605-8.65

OR 605+8.65

PROFIT ANYWHERE BELOW OR ABOVE THOSE LEVELS.

Order Details

You have entered a straddle.
Leg Action Contracts Option Description Price Duration
Leg 1 Buy to Open 2 AAPL Call AAPL Jul 13 2012 605.00 Call Debit 8.65 Day Order
Leg 2 Buy to Open 2 AAPL Put AAPL Jul 13 2012 605.00 Put Debit 8.65 Day Order
Quote AAPL   603.57   -4.64 Bid 603.52 Ask 603.69 Volume 7,775,497
AAPL JUL 13 2012 605.00 CALL
AAPL JUL 13 2012 605.00 PUT
Bid 3.65 5.00
Ask 3.80 5.15
Last 3.60 5.20
Change -3.70 [-50.68%] 0.85 [19.54%]
Volume 19,450 12,780
Delta 0.47 -0.53
Open Int 6,242 6,874
Desc AAPL Jul 13 2012 605.00 Call AAPL Jul 13 2012 605.00 Put
Net Quote
Bid
8.65debit
Mid
8.80debit
Ask (natural)
8.95debit
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