Day's Range: 125.58 - 127.15
here is today's print so far.
I still think $130- before Friday
Have a nice day
Spread is now $1.90...
cost was $1 to $1.20...profit of .70
AAPL will trade higher and this spread will go higher. Once the spread is $4 your profit is limited to $2.80 to $3..
the concept is what is important..TAX DEFERRED CASH in your pocket as a HEDGE.
This pre-pocket the market move up or down.
Now, I must sign off.
IF you own the stock...
SELLJan $100 calls for $11.50
SELL Jan $100 puts for $11.50
Buy Jan 2016 $80 puts for $3.40
Giveaway $100 + $40 = $140-
Sale of put is HEDGED indirectly
I am rather proud of these past two calls. Yet, everyone tells me they are losing it lost all their money!
This is why I refuse to talk to anyone but post here and judged accordingly
If retail buys calls Wall Street nosedives the stock. If Wall Street buys puts, it rallies it.
If retail sells puts and calls for $80 each... $160 tax deferred?
Wall Street has no play?
This week, July 17 $680 puts fell from $33 to $14 days after posting this.
I think closing the July 17 put out then selling same put for $80 is the move. This is called chasing premium !
Last week, $127 was resistance but that was not monthly option expiration.
Fast money said Goldman Saks wants a cheaper buyin... When Wall Street gets it wrong..?
Stock gaps higher then runs! Monday we will discuss earnings
What more can you ask: making money and having fun.
I will follow this until July 21/22