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Apple Inc. Message Board

  • biglefthook_00 biglefthook_00 Apr 18, 2013 12:19 PM Flag

    I find this entire sell-off rather interesting.

    to recap my Dec 2012 suggestion.

    I suggested to sell the Jan 2014 $520 call and put for $150+ than buy a Jan 2014 $390 HEDGE Put.

    Since then, I made two revisions. To close out the sale of the $520 call for a $60 profit then sell the Jan $430 call for $45

    Then I suggested to close out the sale of the $520 put for $120 a $50 loss but then sell the $425 put for $50 to offset that loss. My $390 put had that 100% hedged.

    In conclusion: $100 cash was put in one's pocket.

    That sale of the $430 call will be dealt with on April 23.

    This is a running recap of the previous $120 that was already pocketed from the sale of the Jan 2013 and 2104 $600 calls.

    This is just a lesson why one should sell a covered call for 10 -15% of the market price they pay for that "momentum" stock

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