sold -1 Oct 30, 2015 $101 put at $0.35
- This is an "earnings play" (taking advantage of inflated premiums).
- I haven't traded AAPL in a long time, so I wanted to be cautious and sell just one contract.
- AAPL was around $114.55 and the "expected move" was around $6.64 when my trade filled.
- The strike price that I selected was twice the "expected move" (being cautious).
10/29/2015 (6:30:25 am, PT)
buy back my put at $0.01 to remove the risk
GROSS PROFIT: $34
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