sell a Jan 2018 covered call until you can sell the Jan 2019 covered call...net $27
Buy a hedge put at Market price or purchase price - premium from above = Jan 2017 HEDGE Put.
Someone called me an idiot
I answered this already. So why are you asking again
Stay away until you learn . Your message makes no sense..it is irrational
The year before I believe the return was $15 - 30%
The year before then 15%
just a learning lesson
If you factor in the $12 to $20 from the three Renoir plays on Aug 24, Feb 8 then April 27.
Subtract loss on Jan 27 call at $3.65 and the cost of the HEDGE put another $3.65 = $7.30
$27 + ($12 - $20) - 7 = $31 $40 cash after July 1
This is a honest RECAP as I can remember for the past 52 weeks.
The year before...return was 15 - 30 % better on $110 cost basis as well.
The year before that...15%....
Just a learning lesson
If you own the stock
more than likely end of June.
Last year, they were available in early Spring.
Market maker is being very cautious! He must price them $17+ or higher...He must read this board
Premium on Jan 2018 options only have had a time erosion not value one
Earlier I was wrong, the past and future play will only add up..$27 + ($12 - $20 )= $39 to $47 return this past 52 weeks...sorry, earlier I did post $60...old age!
But must subtract loss on Jan 27 call at $3.65 and price of hedge put $3.65 time of first Renoir play .....$32 to $40 profit on $110 cost basis
What is your return today?
When you close the covered call sale out for a $10+ profit then sell another covered call for $17...net $27; what is your profit then?
Ask Da Vinci
AAPL lost a lower court decision and will appeal
Fact 3. AAPL trades in " V" actions. Some "v" look like "u"'s.