Originally Posted by Glocksanity
So, what were the final numbers for the loss? How far did you have to spread and how deep did you get hammered with your AAPL play?
AAPL is trading around $441.
Yep, the stock market is amazing. AAPL from $700 to $441 in about six months.
But gold is so dangerous to own. At least that is what many here have told me.
I did not make this trade --
My point was - if you thought Apple was about to go up - from where is was on November 15 around $525 - a better way to play would have been a call spread.
Loss before commissions would have been $7,600 you spent on the call spread - $4,800 you collected on the put spread = $2,800 net loss.
Hard to compare (apples to apples
) using a call & put spread to just buying the stock - but if a person would have bought Apple instead - they would have also lost.