AAPL High Conviction Reversal

8 มี.ค. 2021

Apple is at key trendline and 200SMA support right now. It is one of the more oversold tech players and will likely reverse back to its mean.

Trade Ideas:

• Shares: Long around 117.5 for 125 and 130+. 5-10% Swing.
  
• Covered Call: 131.25 expiring 4/16 for $1.5 credit. 17.5% assignment probability and a 12% covered return.
  
• Credit Put Spread: 110-111.25 strikes expiring 4/16 for $0.33. 64% POP and max loss of $92.
  
• Short Put: 100 expiring 4/16 for $1 credit. 92% POP and $1000 BPE for a 10% max ROC.
  
• Strangle: 100-140 expiring 4/16 for $1.65 credit. 80% POP. $1170 BPE for a 14% max ROC
  

15 มี.ค. 2021

การซื้อขายยังคงดำเนินอยู่

Close Short Put. The 100-strike SP is currently trading for $0.38, so, close for a 62% or $0.62 per contract profit.

While all the other mentioned trade ideas are currently in profit, I see more room to make profit as time decay ramps up.

19 มี.ค. 2021

บันทึก

Close Strangle. The 100-140 Strangle is currently trading for $0.77 for a $0.88 per strangle or 53% Profit.