It is never the math but human error when things do not work out.
As a shareholder Da Vinci has no risk but loss of upside profit. However, that can be resolved by trading up.
However with Renoir..! The RISK of selling puts is you must take possession of the stock : Strike price - put premium = 20% discount to market or pocket the cash when the stock runs. Some close these out for various profits ...10 - 90%.
Many are shareholders and do both for $15+ $30 cash deferred cash per share...Many buy a technical out: Strike price - (net sale of both put and call $25+) = Strike price for hedge put ,,,usually $3.50
As in all tools of all trades, you must first be an apprentice before a master...you start slow.
iPhones did beat expectations. Yes, facts were correct.
Cook delivered on everything he promised.
Da Vinci + Renoir = 100% return past three years on $110 cost basis.
If you spent more time listening then insulting, you would also have 100% return on AAPL using my ideas the past three years
This trade is already 20+% profitable
So far 25% profit to date...
Sold at $10+
It is now $7.50
Based on chart and low valuation
Trends come in three
Posted on May 21.
Result was correct... Reasons different.
When India news reverses..?
Off to the races
We have proven in March 2008 at pre-split $86, when Wall Street had a sell, they were wrong.
That price is adjusted split $12