Market Review and Commentary for July 21th, 2008
A combination Weekend Review and Daily Review for today is in the video below.
Today the market trended sideways but the big news this week are the earnings announcements.
AAPL (Apple) earnings were good but was a big disappointment to investors. Apple shares were down about $15 after the market closed.
My trade to profit from Apple’s earnings was a variation of a Victory Spread. Once you understand the principles of this type of spread you can do them on any stock with options in the market.
The results? I have a profit of about $1900 so far (I put the trade on at 3:45 PM EST) with only a couple of contracts. You don’t need to trade big to make money as long as the stock moves.
I also discuss some principles that will hopefully ‘ground’ you in good trading methodology as this market creates some more great opportunities. For those who are interested in more details on the Victory Spread and just getting started with them, this is a good video to watch.
NOTE: If the link above is slow or not responding try this alternative link:
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