Question: What can I expect?
This is what I did this morning using my paper trade account:
12/14/12 09:45:34 Bought 50 AAPL Dec12 470 PUT @ $0.70 $-3,526.56
12/14/12 09:45:35 Bought 50 AAPL Dec12 510 PUT @ $4.65 $-23,276.56
12/14/12 10:28:24 Sold 50 AAPL Dec12 470 PUT @ $1.88 $9,373.22
12/14/12 10:28:09 Sold 50 AAPL Dec12 510 PUT @ $11.35 $56,722.16
My question is how realistic is this type of return? Would a trade this size with real money affect the price or would it be just a blip on the radar because of the amount of trading going on?
I'm still learning all this so I don't want to take this result you see up there and think, "holy crap, time to quit my job and cash in the 401k, I'm gonna be a millionaire before next Christmas."
Thanks to everyone for sharing your tips and have a great weekend.