They may help someone understand the strategy and mechanics to employ later in their lives.
Notice....the premise of my basic play is that you own the stock and never use your own money with options but market money
This is not to say AAPL will fall on Monday
Flushed with tax deferred cash and 100% hedged.
If they played along the past year or two.
2015 return was 22.7% based on$110 cost basis I believe.
This year already well over 30%
Yes, June 10 was when I first suggested to buy a Hedge put with market's money.
Keep this hedge put . Why? It's cheap protection despite being up 150% since buying it
Last night, I looked at closing prices for July 20 trade.
The Jan 2018 $97.50 calls sold for $13 are now $10. A $3 profit.
The Jan 2017 $87.50 puts bought at $2.05 are now $5. A $3 profit.
Stock fell $5 from $98 to $93, this defensive option play is up $6.
So,,,, it appears to be working. Remember, you have met $11 tax deferred cash per share in your pocket.
Also, another previous $10 from earlier da Vinci trade and $12 to $20 from Remoir trades.
Today the Jan 2018 $97.50 calls are $10. If you sold $3 profit.
Jan 2017 $97.50 puts are $5 up $3.
Do, $6 profit to date. However, no reason to close either trade
I showed you how you pocket net $11 tax deferred cash but buy A hedge put for $2 with market money.
Someone called me an idiot here.
I said yes the put was probably lost money but necessary. Do not sell that put