Apollo Group Inc Option Trade Blog

Apollo Group Inc Option Trade Blog

Title: Trade: Apollo Group Inc

Stock: Apollo Group Inc

Symbol: APOL

Option Symbol: OAQCJ

Reason for Initiation: Downtrending, down by about 20 - 30%in 1 year. Below 28 Days Moving Average. Gapped down sell.

Action: Sold Call

Details: Call: Strike @50, expiration Mar, Sold @ 1.8 on 28 Feb 06. Bought @ 1.05 on 6 Mar 06.

Result: +ve

Reason for Closing: Price moves up to hit stop.

Comment: Bought back the call when the underlying was around the same price when the call was sold. Sold the call when volatility was high, and was factored into the option price, that resulted in the difference and therefore profit. Nicely executed trade.

Please Read Disclaimer