Bought $800 strike 2015 AAPL calls for $85 per share. Unfortunately, only half my order triggered at my limit price; eh, c'est la vie.
On another note, using these way-out-of-the-money calls has been a different experience from a psychological standpoint. The volatility even on the long dated calls is stunning.
Thursday, September 27, 2012
Tuesday, September 11, 2012
Bought AAPL 2014 $660 calls for $101.50 per share. Including the $800 strike calls I purchased earlier, my portfolio is now 5% invested in AAPL calls. 5% is the maximum principal I'm willing to risk on a single position (excepting big macro positions like an index).