#fuzzyhotair #putratioladder AAPL put ratio…


AAPL put ratio ladder update: ON SUSPENSION
(1×2 credit ratios, 30 delta/25 delta, with a BWB hedge to extend downside)

So I’ve seen this movie before. The last time AAPL split there was a mad run-up in stock demand and price (everyone scratched their head back then, as well). I can make more (with less risk) using collars on AAPL, vs put ratios. Especially since I keep cash allocation for short put assignment anyway. Plus there’s an ex-div on Aug 7th.
So here’s an update on the “rungs.”

Week 1: CLOSED
Aug 21 345/340 sold 6.70, bought 2.32
Wish I hadn’t closed this, the breakeven was super far away…should have let more juice drain off until 20 DTE (right after these words were published AAPL dropped from $400+ to the 360’s on anti-competitive news reports, so closing was a good move in hindsight)

Week 2: Closed on July 31
Aug 28 372.5/365 sold 7.12, put fly hedge 350/340/335 .90: Put ratio closed for 1.45

Week 3: Closed on July 31
Sep 4 360/355 sold 6.05, put fly hedge bought 345/335/330 for .93: Put ratio closed for 1.61

Week 4: Still open
Sep 11 360/355 put ratio sold 6.10, put fly hedge bought 345/335/330 for .99
Breakeven $335

Collars added: 100 share blocks + Sold Sep 18 420 calls @ 20.10, + Bot Aug 28th Put Debit Spreads 400/380 @ $3.99
Split will happen on Aug 31