We said all week that we would once again suggest selling puts for $15...
This was unanticipated but we were ready
let me explain....
Dec/jan...Jan 2018 $110 calls were sold for $17....$3.65 was used to buy an earnings call that was a loss...so $13.50 cash
Feb 8 -11,,,,Jan 2017 $95 calls sold for $15...close out for a $10 profit....we also made $10 in Aug 24 on the sale of the Jan 2017 $85 puts for $10.75
so...$23.50 net cash to date
today we will once again sell Jan 2017 puts for $15...this will be the third time
WE may close out sale of Jan 2018 $110 calls hen sell a lower strike price for more tax deferred cash..It all depends on prices
for $50 cash on a $110 cash basis....
Make lemonade out of lemons
Tomorrow we will add another $25...tax deferred cash in trades...on a $110 cost basis..''for a total of $45 - $50 cash per share
on this alone...AAPL should never had fallen more than a few dollars
every quarter before this it was all about iPhone sales.
yet AAPl beats and the shorts do not want to even discuss this