We mentioned earlier this week we have been following the Apple (AAPL, $436.17, down $6.61) “mini” options since Monday’s open we are profiling them in the Weekly Wrap this weekend to see if they are a good way to play the more expensive stocks. There are only 5 stocks that trade mini options with 5 more coming on board, possibly, in the next month or two.
We didn’t want to trade these mini options blind so here is what our research has found so far.
The mini options are based on 10 shares of stock and they can be traded directionally or as a covered call strategy. They can also be used as strangle or straddle option trades. This also reduces the cost of writing covered calls on triple-digit stocks to a tenth of the price and makes playing the short-term price swings in Apple that more affordable.
If you are not a subscriber but would like to get more, real-time trades, please click here. We are one of the fastest growing stock options trading advisors on the internet and we had an incredible 2012. We offer 2-3 powerful call or put option trades each week (depending on market conditions) aimed at triple-digit returns for our Daily newsletter and our Weekly Wrap Covered Call Portfolio strides for double-digit returns on a monthly basis. Our 5-year track record from 2008-2012 is now a staggering 621-273 that is also a 70% win rate. We doubt you will find a better options trading service.
Our average trade recommendation usually last 3 weeks or less and we have closed some trades in as little as 24 hours. We target triple-digit returns for all of our option picks for the Daily and double-digit returns for the Weekly Wrap. If you are not yet a subscriber, come see why jaws are dropping for those who follow Wall Street and options trading.