Irrationally mad decision making to obtain the American Dream.

Sold out of AAPL & QQQQ May Calls / (+AAPL) (-QQQQ).

I’m happy the Fed cut rates because I’m purchasing a home in Oahu (Mililani, HI). So hopefully my actually interest rate for my loan will go down as well. Apple spiked up to $180 and sold me out around $178 at $8. I likely could have gotten more, but I can’t watch the market so I’m happy that my GTC order was sold out. As for QQQQ. I’m just going to take a small loss and take that couple hundred dollars and put it into something else like Visa (V) because the QQQQ’s did not move like I thought they would with all the Tech moving.

My order:
4/30/2008 11:08:37 AM (ET):

Symbol: .APVEO
Description: AAPL MAY 175 Call
Stock: AAPL at 178.75
Action: Sold To Close
Quantity: 1 contract(s)
Price: $8.00
Commission: $14.95
Reg Fees: $0.01
Net Amt: $785.04

Bought Price $5.40
Profit $220

Sold out of my QQQQ calls:

4/30/2008 3:47:52 PM (ET):

Symbol: .QQQEX
Description: QQQQ MAY 50 Call
Stock: QQQQ at 47.26
Action: Sold To Close
Quantity: 30 contract(s)
Price: $0.10
Commission: $45.00
Reg Fees: $0.01
Net Amt: $254.99

Bought Price $.14
Loss $120 (-$150 w/fees)

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3 responses

  1. Well done on AAPL!

    May 1, 2008 at 1:58 am

  2. fred

    I know you are a big Apple fan. Have you seen this? I don’t know if it will do anything for your trades, but it is an interesting bit of information (if true…..):

    http://www.importgenius.com/blog/iphone

    June 5, 2008 at 7:35 pm

  3. fred,

    i knew about this a month ago. old news but very promising news for stock price to go up in june.

    June 6, 2008 at 10:02 am

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