Doesn't ring true...a beginner would have sold his position after the first hour of trading. A pro would have never been foolish enough to enter the position.
On their more advanced platform, Optionshouse has Order Cancels Order. So that if a trigger is hit one order will be filled and the other order is canceled.
If you want to avoid this type of problem in the future, put in a trigger for your buy order. In this situation you could put the trigger anywhere between 485 and let's say 492. Let's say the trigger is 492, so when AAPL hits 492, your 490 calls are bought back.
If you're not worried about your stock being called away...you can increase your premiums by rolling your calls further out in time.
Sure it's possible, when AAPL reaches 680, all they need to do is have a day where they pop 15%. That would put AAPL at 782.
Nice...but the calls at 520 may be in the money soon. After you make some money on them, it may be a good idea to roll them nearer to expiration and a few strikes higher.
It's one of those bullish days...who knows GOOG might reach 1000 today. Any company that is remotely similar to GOOG is being pulled up.
If we were smart, we would eliminate Congress and get rid of representative democracy. We have the computers to draft legislation and I-Phones to vote with. Why do we need Congress?
Now, if they had a double-announcement. Alibaba IPO on the NYSE and YHOO IPO on the Hong Kong Exchange. Then we're really talking about a major pop to the upside.
Okay, Mr. Genius, do you think we'll find out more about Alibaba IPO at the earnings conference?
That was an exciting first hour, volume is low for earnings day. It looks like people are watching on the sidelines and thinking about jumping in. We may have a small run-up to earnings after all.