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Apple Inc. Message Board

  • biglefthook_00 biglefthook_00 Apr 3, 2014 8:01 AM Flag


    Two years ago, I posted on Dec 29, 2012 when AAPL was at $520 to sell the Jan 2013 $520 call and put for $148 then buy a hedge put. I decided $Jan 2013 $390 because the $90 put costs $124. This past Dec 2013 this looked visionary but it was not. Many got hurt. Wall Street saw many selling puts so sent a bullet taking the stock down. the puts zeroed out and the calls were redeemed for $20 but the stock went up that much. so, this option play resulted in $124 profits with the stock going no where.

    This Dec 2013, I suggested Selling Jan 2015 $550 calls for $55...I also gave a few options strategies that either broke out even or made money. I said.."Do not sell puts". This simple "Hold the stock and selling Jan 2015 $550 calls see-sawed three times: $55 to $26 after earnings; next mid Feb, from climbed back to $50 only to $35 then climbing one last time a few weeks ago back to $50. They are now $35 again.

    Shareholders who played this are already UP $45 besides the AAPL $3.02 dividend.

    Now I did say close this out and sell a Jan 2016 call for $50 to $65....the present strike price premium is $40 (2015) vs $65 (2016). I chase the premium.

    I suggested this and have been recapping it ever since

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