AppleOption has had a fantastic week!

The results of this week help prove how appropriate money management will allow traders to profit in a difficult market. We have seen some impressive gains for the year.

Chart Reviews

Apple

Dow Jones

S&P 500

NASDAQ

Index Condor Portfolio

While we didn’t have any trades this week, our portfolio has made strong gains this year despite the market drop. In fact, we are up 20.6% YTD or $2,060. The Index Condor Portfolio typically only trades 50% of the account value. This produces a much more conservative and safe portfolio, however to gain 20.6% on the full $10,000 starting balance proves how well this portfolio has been performing. Traders that join AppleOption, are often excited/anxious to begin placing trades to produce similar gains. Patience, patience, patience! In volatile markets like we have had in the last 3 months, traders absolutely have to wait for good entry points!

Apple Option Short-Term Portfolio

We started the week with a fantastic 192% gain. This trade was initiated 11-days prior. Later in the week, the portfolio made an additional trade that produced a 50% return. And the final trade of the week was perfectly timed. We purchased Apple on the close of Thursday, yet to sell it at the open on Friday for a quick 25% profit!

AppleOption Short-Term Portfolio

As we have discussed with our members, the long term portfolio is all about timing and patience. The portfolio is nicely positioned, however typically takes 3-6 months to become safe. And once we are at that level the portfolio is really safe. Realize that Apple in down 30% from the start of this portfolio. Our performance is in line with Apple, but slightly better. Now considering we have been trading options, this is even more impressive. Repositioning by rolling has been the key during this period. This portfolio is on tract and heading in the right direction.

The trade for the week was selling coverage at near Apple’s recent peak.

This is a special review of the ThinkorSwim new feature called ThinkPod. The ThinkPod is a special web interface developed for everyone who owns an iPhone or Touch iPod. It uses the safari browser to log into a brokerage trading account allowing users to watch the status of trade, place orders or see how the account is performing. It provides a convenient means for people on the go to stay up-to-date with the market and their performance.

Visit ThinkorSwim to learn more about the ThinkPod.

If you already have a ThinkorSwim account or Paper “fake” Money account, then you can access the ThinkPod: https://pods.thinkorswim.com/tos/wbt/pods/index.html

The best part of the ThinkPod is the emphasis on the iPhone or Touch iPod usability. If you’ve been paying attention to Apple and the iPhone development, you’ll know that the SDK (software developers kit) has been released. All sorts of companies are developing native applications for the iPhone. The dedication ThinkorSwim has shown to help members utilize their iPhone to trade, suggests that they will likely offer a full iPhone trade station in the near future. We are excited by this possibility and will look towards June as the expected release.

If you are not familiar with ThinkorSwim, it is a brokerage company whose emphasis is on option trading and trader resources. To learn more about Thinkorswim and compare them against TD Ameritrade, E-Trade, Fidelity, Scottrade, OptionHouse, TradeKing, OptionsXpress, and Zecco… read our Brokerage Review Article.

AppleOption is announcing a trade alert for the Short Term Portfolio.

This trade was placed at the close of Thursday’s market and closed at Firday’s open for a 25% Gain!

If your not yet a member of AppleOption, join to discover exactly how we trade.

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AppleOption is issuing a trade alert for the Short-Term Portfolio.

Thanks to keen position/money management, the AppleOption STP has produced a trade with a 50% return. We’ve cashed in and our inital capital is out of this trade. However, the remains of this trade still sits on the table and will allow us to produce an additional $5,000 with ZERO risk if Apple is above $150 in July. This has been a fantastic week for our portfolio!

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