Why am I the only one in the pool with no swimsuit?
Jeezuz, don't leave. I'll spill my guts if you'll stay around. So here goes, I'm dropping my shorts, mooning the Tankers, and jumping into the pool. I don't post much because, basically, I'm a freakin' idiot, I mostly lurk. Anyways, I have 50 contracts of Jan 14 600's(paid~$60) and and 50 contracts of Jan13 540's(paid $16.36). Last October after PO tipped off a huge Jan quarter I loaded up on various calls. Everything was in a trading account that had dropped to probably $150 K(when things are going bad I don't check account balances). Last week, at the ATH, the trading account was at $1.8 mil plus I withdrew funds to pay off what was left of our mortgage.
As an aside, since my wife has never really cared much about our finances and that stuff I never updated her on how the trading account was going. Three weeks ago we went on a trip to Boston and I showed her our account statement. She almost had a cow. The look on her faced was priceless.
Anyways, I now have a dilemma. We've agreed that we'll hold onto the jan14's and try to capture LT capital gains. Last week we talked about dumping the Jan 13's I suggested we hold on into the April ER because there is usually a run up into earnings. I told you I'm a freaking idiot. Long story short, I'm confident AAPL will easily be over $650 in January, but it could easily drop to $550 or $500 in the next week. That would just be the normal "noise" in the AAPL stock price. If it was just me, I'd let it ride, BUT I know my my wife and she isn't going to enjoy going through that crap. So I'm probably going to dump the 13's Monday morning and then let the 14's ride.
So there's the Cliffs Notes version of my story. Now you gotta stay around. |
