$75...playing the option see-saw between Jan and Feb 2014
$50... initial sale of the Jan 2015 call
$70 ....sale of the Jan 2016 put
WE posted the day of the high (Feb 27?) at $270+ to take profits.
We posted to play the $10 trends three times..it happened four times before another three day trend only to resort back to another trend for a fifth time...$50 in two months..20% return
Seller of these must buy the stock at $80 or $560
IF the stock runs..you pocket the change in the $10 premium until you close this trade out
Jan 2016 puts 90.00 AAPL160115P00090000 9.35 Up 0.02 9.10 9.35 76 16,018.
weeks ago these dropped to $8.50 only to climb to $10.80.
This high premium continues to be interesting
to guard against such action...we introduced Da Vinci, years ago,
But the stock ran past the giveaway, so Renoir was introduced.
and he got one..
Do you really think I am a woman?
Date Open High Low Close Volume Adj Close*
Aug 15, 2014 577.86 579.38 570.52 573.48 1,515,000 573.48
Aug 14, 2014 576.18 577.90 570.88 574.65 982,800 574.65
If you played this $10 range you already pocketed $40 to $50 dollars with the stock price reading water
as for sold covered calls...do nothing.
IF they had closed out the sale of the Jan $55 calls when it fell to $1.50, there profit would be $106 million + $7 X 6,260.000 = do the math
the seller of the Jan $47 puts already pocketed $53 million and his shares appreciated $53 million that he already pocketed as tax deferred cash.
Two ways to win
you really have issues!
Some where you lost money....of course, when that happens, it is everyone's fault but your own
Most of my suggestions are conservative....you may lose more profit but never principle
One of these gentlemen years ago e-mailed me.."maybe we can make a deal..?
My reply was "Read the message board."