Yes, my earlier ideas work perfectly for the short term...
I read people bought weekly puts. Why anyone plays weekly options is a true mystery to me. Never use your own money, either.
I posted to sell a Jan 2018 covered call for $13+ until Jan 2-19 options come available then buy a Jan 2017 Hedge put for $2+ at market rice = premium on covered call.
This will probably loose money but I think it necessary for peace of mind..This insures your principle 100% at no cost
there were three: Aug 24, Feb 8 and April 27...all have been closed for $12 to $20 profits.
Last year sale of Jan 2017 $85 put for $10.75 ...is now $8+ profitable
Close out the sale of the higher Jan 2017 strike price to sell a lower strike price..these two trades put $23 cash in your pockets.
Tired of waiting for Jan 2019 options
If you need cash.
also buy a Jan 2017 $87.50 hedge put for $2.05 for insurance.
Now your principle is 100% hedged below $97.50
Last quarter Goldman Saks had a horrible trading quarter,,.
They must be dolling their own ideas?
I said last Dec, I expected a 7 to 8% return for 2016. Sale of the Jan 2018 gave you almost 17% then...that was the play on all stocks
There is a $10 profit from sale of Jan 2018 $110 calls for $17.
If you need tax deferred cash, close this out then sell $97,50 calls for $13.
Now your giveaway if $120 rather than $127 but you now have $23 cash per share in your pockets rather than $17.
However, if you add Renoir $12 to $20 profits,,, giveaway is really $132 to $1140
It is never wise to mix apples and oranges Jan 2017 and 2018 options...this time is an exception.
Wall Street hated retail...This play was a defensive maneuver to prevent that. Remember there are NO Renoir plays presently on...I closed the last one weeks ago as posted here
It allows you to pre-pocket market gains before the stock price grows into that valuation in the form of Tax Deferred cash.
Until the stock is taken or you close the trade you do not pay taxes.
You collect the AAPL Dividend as well, not the buyer of the calls
When I poised this question last year in April, the next day the Market maker was offering these options.
I guess the market maker knows what is coming...
It makes sense!....Make your money have you making money then let the stock price grow into that valuation