APA

[ckinchen]

Sold my options with a strike price of 77 when it was at 84, not a bad quick profit. I had a bunch of options in Wpx at $15 sold them at $20. Now I need some new plays. I should have held anw, I bought at 5 and sold at 8.25 but it is still going up. I have bought and sold kog and anw over and over again for several years.

["W"]

Originally Posted by ckinchen

Sold my options with a strike price of 77 when it was at 84, not a bad quick profit. I had a bunch of options in Wpx at $15 sold them at $20. Now I need some new plays. I should have held anw, I bought at 5 and sold at 8.25 but it is still going up. I have bought and sold kog and anw over and over again for several years.

You probably going to think im insane but i sold all my APA around 84 and bought Apple... Apple is down 50% since June of last year and the next wave of Iphones are in the works... with the high price of the stock i only got around 40 shares but if it goes up $200 i will make a good chunk of change

[ckinchen]

Originally Posted by "W"

You probably going to think im insane but i sold all my APA around 84 and bought Apple... Apple is down 50% since June of last year and the next wave of Iphones are in the works... with the high price of the stock i only got around 40 shares but if it goes up $200 i will make a good chunk of change

That stock is certainly beat up, if it is a straight open play why not by an option vs the stock and limit the down side?