Everyone "Wets their beak!"
no one was selling shares.
they were just selling covered calls to pocket tax deferred cash. On Jan 24, AAPl was $112...Monday the high was $133.60...selling Jan covered calls made sense!
IT was posted o Monday to "lock in profits" not sell
this was posted yesterday.
Either way, the fun times had returned this week. IF you did not make money, look into the mirror
selling covered calls in run-ups.
It really is VERY SIMPLE
Sell a covered call
as shown this week.
How do you deal with such gyrations...
by making "lemonade out of lemons"....Market maker takes it down...sell puts; takes it up; sell covered calls.
then when the see-saw happens, trade accrodingly
I have been on these message boards for 17 years...probably longer than you have been alive.
Everyone knows that I do not trade..invest..etc
I suggest strategies to water down RISK and allow people POCKET 10 - 13% tax deferred cash.
Yes, stock often runs past "giveaway" but if you made 15%; why be so greedy? I never promised anything but 15% return