Cashing In Options Trading Profits on the Opening Bell HUGE Gap Up

Date: 10/11/2012

Cashing In Trading Options Profits on the Opening Bell HUGE Gap Up on Apple Computers (AAPL). SMF bought call options going into the closing bell yesterday because we anticipated this gap up from oversold conditions. Today is the "Vice President Debate" and the markets are gapping up after their 4 straight days of selling.

We are long the AAPL Oct $635 call option and we'll be looking to take $6 a contract on the opening bell. We are also long the AAPL Nov $680 call we'll be looking to make $4 on the trade. All our profits are posted on Profity and can be viewed below.

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