this was suggested when AAPl was at $95.
Of one bought AAPL then and sold these puts.
$32/$95 = 33.7% + $80% = 113.7% ...not bad
90.00 AAPL160115P00090000 2.05 2.00 2.08
Open interest is..24893..2,489,300 X $8 = $19,9 million profit
Amnesty Day is a day when friends get to take profits without hurting their friends,
I started this tradition years ago. It was successful three out of four times.
$128+ in pre-market.
Have a nice day
IF you won the stock and sold covered calls you still get the special dividend
Selling covered calls is an easy game. You can always buy them back and rollout into a later date higher strike price at no real monetary loss and enjoy a real a paper tax
My ideas for risk were:
Hold the stock buy the Feb 6 near term calls, which were $110 at $3.26 with money from selling the Jan 2016 covered calls for $10 to $12. Everyone sold different strike prices.
The Feb 6 calls closed out at 10- ..high was $11+.
both trades put $10 + $10 = $20 tax deferred cash in your pocket.
On Feb 9, people had the option to do several things: nothing or buyback that Jan 2106 covered call for a profit.
I only post suggestions then orders!
The Samurai Strategies!
Have a great weekend.
I am happy my suggestion eventually worked out
I posted .."$127 on 1-27 on Jan 23.
AAPL closed at $112.
"I rode with him...I have no complaints"...line from Josey Wales
Happy Valentine's Day to all.
This week was proof when can be done when everyone comes together and I stay off the message boards.
$127 by 1-27
by biglefthook_00 • Jan 23, 2015 4:56 PM Remove
However, I will suggest ideas for risk