Thursday, January 28, 2016

AAPL 2016 Update #69 (Stock Purchase)

AAPL continued to trade weak today. With price continuing to drop, I am going to adjust the short call a little more aggressive to the downside.  I want to sell a call with a little more delta to capture any more downside moves as I do not yet any put in place.

IV is coming down in AAPL after earnings so I expect the stock to settle a little over the next few weeks. The stock will also be trading ex-dividend after Feb 4.

Trades

+8c Feb 05' 95 Call @ 1.09
-8c Feb 05' 93 Call @ 2.26
Net credit: -1.17/c

Purchase stock:
9 shrs @ 93.43

Total shares in account 850

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