I wrote another put on Apple.

music selection:  “Panic Switch” — Silversun Pickups

My old position in Apple expired profitably over the weekend and I’m back for more.  Apple is a great company that is cheap by most measures.  I sold AAPL160603P00100000 for 1.70 a share.  That trade will be in force for 40 days and yields 15.51%.  The trade also enjoys 6.78% downside protection.

Apple announced earnings and gave forward guidance recently and shares sold off 10%.  There has been a modest recovery since.  The future still looks bright for this cash flow machine and I think the market is being irrational.  My put is currently in the money.  If assigned, I will write covered calls against the shares for more income while potentially collecting dividends.  It’s win/win.

Devour your prey raptors!

Write put Apple (AAPL)

Never miss another opportunity to devour prey!

2 thoughts on “Write put Apple (AAPL)

  • April 29, 2016 at 4:33 am
    Permalink

    thanks for sharing.

    on wednesday I sold a put on apple too. my strike is at 95 Dollars. Premium: 1.30 Dollar per share.

    Reply

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