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Lessons from my bad trade in INCY call options in my Volatility Portfolio

Lessons from my bad trade in INCY call options in my Volatility Portfolio

Wow. That sure didn’t work the way I intended. Back on May 23 I added the July 21 $140 calls on Incyte (INCY) to my Volatility Portfolio. Those calls traded at $7.10 that day. As I wrote in my post that day, to make money on these options, I’d need to get a move of $4 or so to move the share price above $140 and to move the options into the money. My logic at the time was pretty simple.

Saturday Night Quarterback says, For the week ahead expect…

Saturday Night Quarterback says, For the week ahead expect…

News from Apple’s September 12 iPhone event is  obviously, important for Apple shares. The stock closed up 36.96% for 2017 as of September 9 and is ahead 56.5% for the last year. Investors and traders have pushed the stock high on a belief that for the 10th anniversary of the iPhone Apple will produce something great. But the importance of Apple’s news to the general market can’t be exaggerated at a time when that general market seems inclined to nervousness