$AAPL in January I bought a July 100 call and have been selling calls against it successfully. Today I had to change strategy and turned it into a BeCS strategy, selling a May 27, 95 call against the July 100. It’s been interesting to watch. Recently when AAPL went on a run I had to roll out to a July 105 and received about what I paid for the 100, figuring the fun was over, which I rolled to the above mentioned 95 for a credit. If AAPL can find a bottom, I may try this again with a deep in the money January call.
Daily Archives: Thursday, May 12, 2016
#SPXcampaign Sold to Open $SPX…
#SPXcampaign Sold to Open $SPX JUN 30 2016 1835/1805 BuPS @1.40
$XME sold a June 17…
$XME sold a June 17 20/23 strangle for 1.43 following from TT
#SPXcampaign Sold to Open $SPX…
#SPXcampaign Sold to Open $SPX JUL 15 2016 1835/1805 BuPS @2.05
More NUGT put hedges
Sold $NUGT May 20 75 puts @ 1.50
SPX condor
STO Jun 24 2185/2175/1920/1910 @1.50.
$NUGT
2 days in a row, spike higher for 30 min’s then crater.
$AAPL question? All responses welcome.
Currently am short AAPL May 20 100 put. At the time I sold it, AAPL was at 110. Today AAPL at new, almost 2 year low. Looks like I’ll have AAPL stock at 100 (minus the 1.30 received, for cost basis 98.30).
My original thesis was I’d be happy to take AAPL at 100, now it could put me way down. Long term? I still think AAPL will recover and be profitable long term. I have no idea how long that will be.
Thoughts here? I guess I could start selling covered calls when I’m assigned the stock, or I could just get out now for a loss, or something else. I’m sort of tossed on this one as to hold for the long term or recover my capital and deploy elsewhere. Got about a week to figure it out unless assigned early.
Thoughts please?
SPX calls sold
#SPXcampaign Sold to Open $SPX May 27th 2125/2150 call spreads for 1.30. Sadly, this was a previously stopped spread as SPX rallied above 2110. Now it goes back on, hopefully to die silently rather than violently.
$RL wrong on Ralph
$RL wrong on Ralph
Options Bistro 