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Apr 24

full time trader log 2014 04 24

full time traderUnderlying Stock : AAPL

Strike : 565 Call

No. of contracts : 2 contracts

Enter/exit price : 2.80/3.40

Holding time : 3 mins

Net Profit : $117

AAPL retreated after opening high due to favourable earnings results coupled with the news of a 7-1 share split. AAPL retreated from +42 to +36, a $6 decline in 15 mins. Opened 2 Call contracts, chose the strike that was close to market price. And my chart system was too kind to me when I opened the positions just before the uptrend reversal. My 2 Call positions saw green all the way, with me ever adjusting the ask price upwards, from $3.00 to $3.20 to $3.30. And “ta-daaaaa”, sold at $3.40, pocketed a cool $117 in under 3 mins.

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