This is a PURELY technical trade, looking for a modest 3% rally in the next 2 days, that takes AAPL to $440, 1.5% tomorrow, 1.5% on Fri, thats all. $100,000
You don't have better odds in Vegas. With this bet he had almost doubled his money earlier this morning. Had Apple made a major announcement like China mobile deal, stock split, dividend hike, or buy backs, he could have easily made 10x or 20x his money. Yes, this bet has a lot of risk, it had a lot more reward. Good wager if you have it to loose.
You could have bought those calls for .80 this morning and sold for over $4 a few hours later. I almost bought some at $1 and am kicking myself for not doing so. When the stock was down $3 and going sideways with the market higher, it seemed to hold and appeared more likely to break higher rather than lower. Anyone watching could have taken a low risk shot at over 100% gains with minimal risk by buying once it started moving higher and setting a mental stop loss.
yes easy to say that in retrospect - like flipping a coin it land tails and saying you should have bet on tails.... very insightful = heres the BIG IMPORTANT POINT: if i had reached my target today, you would OF COURSE not have chirped in your nonsense. thanks for trying though get back to me tomorrow afternoon (i will be celebrating but at some point will read this thread again)
would your life be different if you made or lost that money? if so then be careful and be safe. if not then you may have more fun in vegas where you know the results of your bets sooner rather than later. do you enjoy the suspense?
no my life would not change, of course i would be happy to win, but losing would be part of the business of trading, win some lose some. ive made a living trading for 20 years, even had a terrible 18 months that almost wiped me out, but im back stronger than ever $$$
ps. if 50k would change your life, you shouldn't be betting that to start with, i suppose that was your point?