yahoo deleted this post yesterday at 1:30 hrs
biglefthook_00 • 0 seconds ago
Jan 2017 $110 call sells for $15.50
110.00 NFLX170120C00110000 15.55 15.35 15.75
safest play for a long.
Hold and pre-pocket this 15% tax deferred return
this is quite interesting....the battle for the $110 options has been on since Early Jan 2016
1. It was posted that the safest option play was to sell the Jan 2017 $110 call for $15. A hedge down to $95. It fell to $95 and now is $100. This can be closed out for a profit but why. It is a 15-% return on a $100 cost basis
2. It was posted to sell a call and a put but buy a technical put to Hedge the sale of the put.
Two of the three is profitable now.
The sale of the put should be closed out for a paper loss covered by a NEW sale of a covered call at a higher strike price but later date....NOw all three are profitable
IF there are too many call and puts sold...AAPL will close at or near $110 on Aug 29.
But this is not my option play...be here Sunday at 0900
Thursday close less than 10,000 each.
Friday close...increased by 54,000 each
Today over 100,000 contracts traded....10 million shares worth each..Tomorrow just after the open, we will see what the open interest closed at today
Longs might just want to Hold and sell a Jan 2017 covered call and forget about after hours action
Interesting how there was less than 10,000 open interest at Thursday close and now....
Friday pre-market it was posted to close out the sale of puts at $112.....Maybe, this is a two day trade?
I do not know