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January 2018 recap

I had two great trades close on Friday.

In May, 2016, Apple traded at $99, and I was convinced it would stage a comeback. I bet $1000 that it would close over $150, and now, over 18 months later, it closed at $178.46, high enough that my spread resulted in a $10,000 return for the $1000 risked.

Another trade also closed, LULU (Lululemon Athletica). Here, in April, 2017, with LULU trading at $49.74, I bet $3600 that it would close over $60 by Friday. Sure enough, it closed at $79.34. And the $3600 returned $10,000.

The LULU trade was riskier, in that it had a much shorter time to run, and a smaller return, less than 3X vs the 10X for Apple. On the other hand, only a 20% price move was enough for a successful trade.

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