#1 said..."Many will want to be in the market for a long weekend,"
Now, with the news AAPL will Gap at the open higher
Especially the children
It is called FREE SPEECH
55.00 INCY160115C00055000 10.00 0.00 9.60 11.60 3 152
57.50 INCY160115C00057500 8.28 0.00 8.70 10.60 10 21
60.00 INCY160115C00060000 9.40 0.00 6.40 10.70 17 109
You bought the stock and sold a Jan 2016 $90 put for $10.
Put is down 27.5% and stock is up $12/$90 =
On Sep 9/10, close out the sale of puts
If you have not already, sell a covered call against your position/
There you are a nice profit.
if it hits $105 there should be no surprise
"Many will want to be in the market over the weekend"
Sep 9/10 close out the sale of puts
Sep 9 is "Amnesty Day"
News article today
Best seat in the house.
In baseball, the hitter who hits singles the majority of times at bat is more valuable than the seldom home run hitter.
Always safeguard principle.
my present position as posted is after a few adjustments, earlier this year:
Sold a Jan 2016 covered call for $50 and a Jan 2016 put for $70. Present in the pocket tax deferred cash is $120 a share.
My giveaway is 10% lower than present market price. ( I like this...great hedge for geo/political problems) But! The sale of the put is off setting this.
On Sep 9.10 I suggest to take the liability from the sale of all puts off your balance sheet. However, do nothing about the sale of the covered calls.