Wednesday, December 12, 2007

All in on Apple

I decided after several days of thinking to go with a call spread on Apple. I bought the 170 calls for 2009 and sold the 210 calls for 2009.

Essentially if Apple ends at least 188, then I break even. If it goes to 210 or higher, I double my money.

It seemed like a pretty sure chance, so I went in with 25% of my total money! Far more than I would recommend someone do, but I did :) If I lose, the rest of my money should break me even on the year, so I'm fine :)

God bless!

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