Thursday, December 2, 2010

Just put on my third trade...

I just placed my third trade since opening my account. I bought 3 AAPL Dec 3 $320.00 Calls @ $1.57 a piece. I think I am bit to early in my entry but on the right side of the trend. All the indexes are heading higher. So although AAPL is coming in a bit here after a surge on the open, I am confident that by mid-day it will be at much higher prices. Since I do not have the privilege of trading in and out of these options I am forced to hold. However, unlike yesterday I am not going to sell until I am clearly wrong on my position.

Stay tuned to see how this trade plays out!

Good luck and good trading!

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