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Well, the last hour of trading is always fun. After buying those 4 APOL Jan. 70 calls for $3.60, I find that those same calls have lost a great amount of value. So, I doubled down buying 8 more APOL Jan. 70 calls at $3.20 for another ($2,574.95). Hopefully, this position can protect against any downfall AMZN might bring.
Reason for APOL calls: Earnings were up tonight, and I felt APOL was going to easily beat estimates again. It's all about beating estimates when reporting earnings. I also felt to many bears were in APOL especially after APOL had been reporting storng EPS and revenues over the past 2 quarters. Here are the results: APOL reported Q1 earnings of $0.83 on revenues of $780.7M, easily trumping estimates of $0.73 on revs $750.9M; love it when I'm in a zone.
At the end of today, my account is showing up at $10,872.55 with cash of $3,012.55, 12 APOL calls at $3,720, and 12 AMZN calls at $4,140.
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