CLOSING the $AAPL options action trade - dan

20oct  - read dans write up from below, dans write up . by "spreading this out" , he locked in a profit and with stock selling off since then it was a timely move.. essentially a $3.00 profit. nicely done . see all of dans on-air trades in this google docs spreadsheet

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21 sep - like i said below, read what dan wrote on his site. tonights show revisits this trade and after a painful 3 minute graphic and music laden lead in Dan hardly says anything, no specifics..if i had not previouslly read what he had done i would not be clear on what he did..wonder why he did not mention prices, max profits, minimum profits, specific strikes..seems odd since the segment title was "how to make more money in AAPL" , heres tonights video clip AAPL clip

21 sep - going to be easier if you just read what dan wrote on his website instead of me paraphrasing it, dans write up . now he has a no lose trade. the scenario didnt play out like he expected but the stock moved as he wanted which is what matters. he closed the Sep short call and Sold the Oct 705 call ..will leave it open on spreadsheet until the final profit is known at Oct opex. nicely done and fully transparent..cue the dancing bears

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7sep - dan nathan with a trade on AAPL from the show, heres the clip AAPL clip

Buy the Sep/Oct 700 call calender (sell the Sep 700, buy the Oct 700) for $10.50 ($1050 per one lot)

i generally like calender spreads as a way to reduce your capital outlay, this one is a bit pricey for me though. melissa makes a good point about the timing of this spread in her question to mike. dans own thesis is that iphone 5 dissappoints and stock sells off a bit, but then rebounds on speculation of the smaller ipad. could happen i guess, just seems like cheaper ways to put on that trade vs a $1000 outlay. this spread will be a nice winner if iphone does not disappoint and it moves up to 700 prior to sep opex... just seems a bit bass ackwards on his timing based on his thesis. id be more inclined put on a cheap near term position(maybe a 10or15 wide call fly, such as the Sep685/700/715 call fly for about $2.00) for a possible upside move on iphone announcement AND wait for that sell the news selloff THEN enter for a bullish rebound and/or mini ipad ramp(maybe a risk reversal or credit put spread then). different ways to skin this cat but $1000 is too pricey for me based on the thesis. see all of dans on-air trades in this google docs spreadsheet. if you do this trade, after Sep opex, consider selling weekly 700calls against that remaining Oct long call to further reduce your cost.

have you figured out what this picture has to do with AAPL yet?

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