In this market,,,you must learn to use the strategy of selling calls for 10- 20%
Especially with stocks like FB, RIMM, AMZN, NFLX..etc
lLast night FB Jan 2014 $30 calls sold for $6...That was the play then and now if you are a shareholder. When it was $18 the play was selling both sides of the strike price for $10 but we suggested to close out the sale of the puts a long time ago.
Selling puts? I have a rule...for ONLY Technical reasons...always hedge the sale of any put.
Do you know IF you sold the Jan 2014 $520 puts BEFORE earnings then bought the FEB $520 put as a HEDGE you made money..$13 per option trade, the next day and $3 the following day. I like to deal with long term options for the premium is so much higher as I posted BEFORE earnings.
I think there are many catalyst for AAPL near term and it should continue to climb higher.