Friday, June 26, 2015

AAPL Update #13

Jun 26

Analysis

AAPL declined today and I elected to roll the collar down to release a small amount of cash. I rolled this position incorrectly and should have just bought call back and sold the lower strike. I needlessly spent more on commissions selling and buying the put strike.

I should have waited to gain another 1.00 in value from the puts and calls.

Trades

-6c Jul 10' 125 Put @ 0.97
+6c Jul 10' 129 Call @ 0.82

Net P/L: 
(0.97 - 0.53) + (1.54 - 0.82) - 0.94 (pay back debit from roll) = 0.44 + 0.72 - 0.94 = 0.22/c


And then re-hedged

+6c Jul 10' 125 Put @ 1.02
-6C Jul 10' 128 Call @ 1.18

Net Credit: 0.16/c

Total credit from the rolls: 0.22/c + 0.16/c = 0.38/c


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