almost 7,000 contracts traded today...700,000 X $12 = $8.4 million
Why not $12 /$1323 = 9% for eight months + $$1.62 AAPL dividend
the heavy activity on May 1 $130, $131, $133 calls telegraphed what was to happen this am.
Wall Street sold naked calls. so, they nose dived the stock then PIVOTED at $130 to run it back up. BuT not until they closed our the sale of those naked calls.
They may have bought puts last Friday then sold puts today at $130...I have not been watching that.
AAPL should close at $134+ by Friday
Notice the Jan 2016 $130 call only fell $1.45 while the stock fell $5+..
This is bullish
You can only sell a covered call once unless you close out a previous one.
IF you did not sell calls yesterday do not blame me.
I posted all weekend and Monday a.m. to do the same
If you won stock sell these..pre-tax cash of $11.35 a share
to sell a JAN covered call for $10+ a share. this way you will pocket AAPl dividend as well.
that will be $.54 X 3 = $1.62 until Jan 2016 for net total of $11.62 per share
lock in profits
today is proof!
THis is why we posted to close out all calls that were profitable by close yesterday
There is a large open interest in May 1 $130 to $134 calls. The reason why they were sold is obvious. The buyers can use them to profit if stock goes up or as a hedge to short action.
This is why I think the action is range bound until next week
the action is in the hands of computers driven by option plays