anyone in need of cash
My last earnings posts gave everyone $11 cash in their pockets on a $42 cost basis.
Unless TWTR falls to $31 you are making money IF followed.
Yesterday, the Jan 2016 $52.50 call fell $4,29 ad the May $52,50 calls fell $2.37. If you sold Jan but bought May calls you made $2 a play. Just in case Da Vinci Strategy was employed by a few. Today the $52.50 calls can be closed out and lower strike prices sold
I did not post here the past month for any type of earnings play.
not factoring in this $2.08 a year AAPL dividend.
who can complain
With CEO's guidance this tock will flatline.
Always a takeover target.
The conservative play is to HOLD and pocket $8 a share by selling a Jan 2016 call
I posted this thought yesterday am .
I do not know who they are or their plans
to recoup their money.Yesterday there were was the drop from $136 to $129 back to $133+ and now here..?
Friday;s option activity indicated what was going to happen . Too many May 1 $130 to $133 calls were being bought as I posted and warned not to all last week.
Tuesday Wall Street wanted to kill the premium so they could close out the Friday sale of calls.
Yesterday AAPl traded approx. $133 a noon to 1300 hrs. attempting an " option V". These option players are a greedy group. They should had closed out the sale of these calls when AAPL fell lower than $130 in the am
Buy AAPL at $130.
Sell Jan 2016 $130 covered call for $11.50
Expires in eight months
Collect three AAPL quarterly dividends .52 x 3 = $1.56
$11.50 + $1.56 = $13/$130 = 10%
You must give up AAPL AT $130 but really at $141.50
SEC never cancels trades.
if you need need money look at selling covered calls for $ 7- $8 a share
Then tomorrow you can close out both trades and trade down...it really is this simple.
This if for anyone following my Da Vinci Strategy....Once again, I was not here until after this fiasco and do not planning on being here tomrrow
So if you sold a Jan call and bought a May call you made money