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Saturday, June 18, 2022

Options trade : Apple (AAPL) bullish trade

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4/14/2022

sell -2 May 20, 2022  $145 put at $1.11 (prob ITM 13%)
buy +2 May 20, 2022 $100 put at $0.05 (prob ITM 0.87%)
  • net credit:  $1.06
  • oversold
  • 36 DTE
  • margin:  $1546
  • AAPL = $166.80


5/4/2022

buy back the $145 puts at $0.50 to remove the risk



5/6/2022

sell (to close) the $100 long puts at $0.04 to recover some credit

NET PROFIT:  $114.70