Trade of the Week (TK) 3.15.2012

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Reason I like this Trade: I saw someone buy 30,000 TK Jan13 35 Calls for $1.80, so I knew I had to jump on board for a LONG position.  This is the largest open interest volume I have seen since Jan 2011. This is the kind of trades I wait all week for, then pounce. I will be looking to get out of this trade as the stock trades higher. Please feel free to email me with any questions at [email protected].

UPDATE 3.19.2012 With the stock rallying to $32, I took off 25% of my position off at $2.25, but these Calls are still worth $2.50. This was another HUGE winner, but I want to let my profits run.

UPDATE 3.22.2012 With the stock rallying even higher yesterday, I sold another 25% of my Calls out for $3.10. So, I have sold 50% of my position for a 40% profit, and I still have a 50% position and the Calls are currently worth $2.80

UPDATE 4.2.2012 With the stock rallying to $35, I sold another 25% of my position at $3.50. I am offering the final piece of my calls at $4.30. What a great trade and realizing that sometimes owning Calls does work out.

UPDATE 4.3.2012 I sold my remaining 25% at $4.30 for a nice profit. The average sale was $3.2875 for a 96.3% gain ($1.6125) on the position.


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Poll Terms

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Terms and Conditions – Rules for the Weekly Contest.

The person who predicts the closest price to the closing print of Apple Stock ($AAPL) on Thursday afternoon at 3:15 PM CST wins a Free iPod Shuffle, color of your choice. No entries will be accepted after after Tuesday 12 pm CST.  Contestants will not be disqualified for going over the price. This is for educational purposes only and has no ties to gambling whatsoever. We will announced winner on Friday by twitter and email. Please Follow @Keeneonmarket on Twitter. Only one Guess per week, per email.

Good luck and enjoy!


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kotm is the leading real time equity options trading resource on the web. Led by Andrew Keene, a veteran options market maker and floor trader, provides our subscribers with essential daily trading reports that contain key equity option activity statistics, S&P e-mini daily pivot levels, and Andrews highest probability “Trades of the Week”. also operates the Live Trading Room where members can join us, see us, and learn how professional option traders trade real money on a daily basis.