I will be back when the Jan 2019 calls appear.
I always chase premium either on the call or put side...today I showed everyone $60- profit on how many trades...six?
Yahoo refuses to repost them...on april 29, as I posted, Jan 2017 $130 call sold for $18.90...Jan 2016 $130 call sold for $12.
People who sold these then walked the stock action down even if they bought at $130 are in the green
Selling covered calls was always a good source of cash, if you needed it.
I did not suggest selling Jan 2017 $110 calls at $17....I did in De 2015 though
The entire month of APril 2015...go read them for yourslef
Last year, those who rotated into selling Jan 2017 calls for $18.50 did okay.
WE have been here for an eternity...
Do you think we have not seen it all the past twenty years and have devised strategies for the Wall Street games?
have a great Spring/Summer.
I will return when the Jan 2019 calls come available
Must subtract the losing Jan 2017 call at $3.65 so $60 cash per share
Two years before were almost identical..
based on two concepts:
You owe the stock and sell a 12 month covered call when you buy the stock. Mid year, you must sell a 18 month call for.last year, the Jan 2018 calls sold for $17+....go ahead and look at my April 4, 2015 posts.
In a few months we will pocket the profits from the sale of the Jan 2019 covered calls for $17+.
These two trades are $27.
If you add the two put trades another $27
$54 cash since last Spring/Dec.
Don;t forget the sale of the Jan 2017 $85 put for $10+ last Aug for another $9 profit....
$54 + $9 = $63 cash in one year...
Look at my archives
Dec AAPL was $110..Jan 2108 $110 call sold for $17...gave you a giveaway of $127...
This call sells now for $7...$10 profit if sold as suggested..but why?
This $17 is TAX DEFERRED CASH.
Once the Jan 2019 calls are available...WE may suggest to pocket the $10 and resell a call option for $17+ once again
TIme erodes premium not stock action.
It was same last year and the year before.
Go ahead and read my archives.
This is a recap not a boast.